Earlier report puts US stock products on OKX at 81.739 billion USDT
Key Facts
OKX’s US stock-linked products recorded trading volume of 81.739 billion USDT over the 30 days ended November 5, according to a report published by TokenPost on November 7. Stock perpetual contracts accounted for 79.907 billion USDT of the total, while spot trading added 1.832 billion USDT. These figures cover a period that ended before the current report date and do not represent the latest 30-day total. An earlier TokenPost report put the total at 64.905 billion USDT for the period ended October 29. The report said the later total was 16.834 billion USDT higher.
The report said SNDK, SOXL and SKHYNIX were the most traded stocks during the period, while storage led the sectors. Evidence does not provide figures for the more recent period ended November 13, so the November 5 data cannot be treated as a measure of trading volume for that period. The figures alone also do not establish that activity reflects increased interest from retail or institutional traders. OKX says stock perpetual contracts track the prices of listed stocks but do not give holders ownership of the underlying shares. The contracts use USDT as collateral, according to the platform’s product description.
OKX says stock perpetual contracts are available for trading around the clock. It cautions, however, that liquidity may fall and bid-ask spreads may widen outside traditional market hours, as well as on weekends and public holidays. This distinction between trading hours and the ability to execute is important when reading the product description as available throughout the day. Published data for the period ended November 5 cover perpetual contracts and spot trading, and should not be confused with the tokenized securities OKX plans to launch through a different platform. The evidence provided no verified figure linking the volume of those existing products to the new platform’s launch.
In a separate announcement, OKX said eligible U.S. customers will be able to trade digital securities around the clock via the OKXICE TSV platform starting November 23. The company expects to list more than 70 assets, including securities from companies such as Circle, Coinbase and Robinhood, along with 59 Direxion exchange-traded funds. OKX described the platform as a joint venture with Intercontinental Exchange, the parent company of the New York Stock Exchange, and said it will operate under the U.S. Securities and Exchange Commission’s innovation exemption. It added that trading will take place through automated liquidity pools on Uniswap v4 on the X Layer network. The company said each token will represent an entitlement to a security, backed one-to-one by an underlying U.S. share, with the associated shareholder rights and economic benefits.
The announcement of the planned launch came as U.S. indexes ended Thursday’s session on November 12 down 0.4% each for the S&P 500, Dow Jones and Nasdaq, according to the Associated Press. The S&P 500 had fallen about 1% early in trading before erasing its initial losses and closing down 0.4%. In the same session, Nvidia initially fell 14% following the resignation of its chief executive, Jensen Huang, then quickly pared half of its losses. Oil prices also rose after comments by Donald Trump about Iran, the agency reported. These moves provide dated context for the November 12 session, while OKX set November 23 as the start date for trading on OKXICE TSV.