OKX Lists Perpetual Contracts for Five US Stocks: Trading Details and Schedule

Cryptocurrency exchange OKX has expanded its derivatives offerings with the addition of USDT-margined perpetual contracts linked to five publicly traded US companies. This move allows traders to gain exposure to traditional equities through a familiar crypto trading interface.

New Contracts and Launch Timeline

The newly listed contracts track the stock prices of the following firms:

  • Rumble (RUM) – Video sharing platform
  • Critical Metals (CRML) – Strategic metals company
  • Carvana (CVNA) – Online used car retailer
  • MP Materials (MP) – Rare earth producer
  • Twist Bioscience (TWST) – Synthetic biology provider

Contracts will go live in staggered intervals (UTC+8):

  • RUM: October 20, 17:00
  • CRML: October 20, 17:15
  • CVNA: October 20, 17:30
  • MP: October 20, 17:45
  • TWST: October 20, 18:00

Why Trade Equity Perpetual Contracts?

Perpetual contracts tied to stocks offer crypto-native traders a streamlined way to speculate on traditional companies without dealing with stock brokerage accounts or settlement delays. These instruments support both long and short positions, enabling strategies based on sector trends or individual company outlooks.

For instance, traders bullish on electric vehicle supply chains might consider MP Materials, while those following biotech innovations could explore TWST contracts.

Key Considerations for Traders

While these contracts track equity prices, they operate under standard crypto perpetual contract mechanics—including 24/7 trading and funding rate mechanisms. This differs from traditional stock market hours and requires attention to leverage risks and funding exchanges.

Users should also note that these are derivative products, not direct equity holdings. Price movements generally mirror the underlying stocks, but liquidity and spreads may vary depending on crypto market conditions.

OKX’s latest listings underscore a growing trend of blending TradFi assets with crypto trading frameworks. As more exchanges follow suit, the boundary between traditional and digital asset trading continues to blur.