OKX's US stock-linked products turned over 64.905 billion USDT in the 30 days through October 29, with stock perpetual futures supplying almost the entire flow, according to product-level figures.

Stock perpetual contracts on the exchange generated 63.371 billion USDT of turnover over the period, while spot trading in stock-linked products accounted for the remainder — approximately 1.53 billion USDT based on the reported total. On that basis, perpetual futures supplied roughly 97.6% of the product line's reported turnover.

How Stock Perpetuals Work

Stock perpetual futures are derivatives that track the share prices of US-listed companies while trading on crypto exchange infrastructure. Like standard crypto perpetuals, they carry no expiry date, are quoted and settled in USDT — a stablecoin pegged to the US dollar — and rely on periodic funding payments between long and short positions to keep contract prices aligned with the underlying stock. The format enables around-the-clock equity exposure that extends beyond regular US market trading hours. For the figures above, that setup means the reported turnover is denominated in USDT rather than US dollars and accumulates continuously rather than within regular market sessions alone.

Perpetual futures are among the most heavily traded instrument types in cryptocurrency markets, and exchanges have broadened their lineups in recent years to include equity-linked contracts alongside bitcoin, ether, and other digital-asset products. OKX ranks among the largest global cryptocurrency exchanges by trading volume and operates spot, perpetual futures, and options markets. The derivatives-heavy split in OKX's stock-linked figures reflects that wider market pattern.

Reported Figures

• Total stock-linked turnover (30 days through Oct. 29): 64.905 billion USDT
• Stock perpetual futures turnover: 63.371 billion USDT
• Spot trading turnover: roughly 1.53 billion USDT (the residual of the reported total)

The totals cover OKX's stock-linked product lines only and do not capture equity-linked trading on other exchanges or venues.

This content was first published on COINOTAG: https://en.coinotag.com/okx-stock-products-64-9-billion-usdt-in-30-days