OKX now lets crypto traders take 5x leveraged positions on top U.S. tech stocks around the clock using equity perpetual swaps. The new products focus on the “Magnificent 7” and other major names and settle directly in USDT, without traditional brokerage accounts.
How OKX’s Equity Perps Work
OKX’s equity perpetuals track the prices of more than 20 leading stocks and indices, including Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta. Traders can go long or short on these names with leverage of 0.01x to 5x, and they can do so 24 hours a day, seven days a week.
All contracts settle in USDT rather than in cash or the underlying shares. A funding rate mechanism, usually adjusted every eight hours, keeps contract prices close to spot levels in regular stock markets. This setup mirrors crypto perpetual futures but sits on top of equity price feeds.
Mag 7 Access Without a Brokerage Account
The “Mag 7” label refers to seven high-profile U.S. tech stocks that have driven much of the recent equity market rally. OKX’s lineup gives users synthetic exposure to all 7 names, plus popular ETFs like QQQ and SPY, which track the Nasdaq‑100 and S&P 500, respectively.
Instead of opening a brokerage account, users can trade these contracts directly on OKX in supported regions using their crypto balances as margin. They do not receive dividends or voting rights because they hold derivatives, not actual shares. Their profit or loss comes only from price moves and funding payments.
OKX positions these equity perps as a bridge between traditional markets and crypto-native trading. Traders who already use crypto futures can now apply the same tools and strategies to big U.S. stocks without waiting for Wall Street market hours.
The products could support cross‑market arbitrage and more continuous price discovery, but they also carry risks of leverage and regulatory uncertainty. Because the products are traded outside the U.S. and rely on crypto infrastructure, they fall under a different regulatory regime than regulated U.S. stock derivatives. For now, OKX is betting that demand for 24/7, crypto‑settled exposure to the Mag 7 and other major stocks will keep growing
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