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OKX has announced the introduction of a new financial instrument — perpetual contracts linked to shares of public companies and stock indexes. The innovation of this proposal lies in the possibility of using popular cryptocurrencies such as Bitcoin, Ethereum and USDT stablecoin as collateral. It is important to note that even assets involved in staking programs can be accepted as collateral, which allows users to continue to receive passive income without withdrawing funds from these programs.

This new set of trading tools includes stocks of leading technology giants belonging to the so-called "Magnificent Seven" (for example, Nvidia, Tesla, Apple), as well as companies closely related to the cryptosphere, including Strategy (formerly MicroStrategy), Coinbase, Robinhood and Circle. In addition, shares of companies such as Palantir, Intel, Micron, SanDisk, as well as the popular S&P 500 index have been added to the list.

The key difference between these products lies in their nature. These are not tokenized shares, which are actually real securities, but perpetual swaps. In fact, these are derivatives that repeat the price movements of the underlying asset, but do not grant ownership rights. The advantages of such instruments in the crypto market are well known: the lack of maturity, the possibility of using leverage and high liquidity. In this case, the maximum leverage is 5x.

The introduction of this service was made possible, in particular, thanks to investments from the Intercontinental Exchange (ICE), the holding company of the New York Stock Exchange. According to reports, OKX's valuation by ICE has reached $25 billion. It is expected that this cooperation will develop.: In the second half of this year, the platform plans to start trading tokenized stocks and derivatives listed directly on the NYSE.

Thus, OKX has not just expanded the range of derivatives offered. Combined with investments from ICE, the exchange is actually creating a new infrastructure model, which is a kind of bridge facilitating the two-way flow of capital without traditional barriers.