OKX to List SMH, EWZ, RIVN, DKNG and RDDT Stock Perpetual Contracts

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OKX has announced plans to list stock perpetual contracts for SMH, EWZ, RIVN, DKNG and RDDT, expanding the exchange’s lineup of equity-linked derivative products available to traders on its platform.

OKX to List SMH, EWZ, RIVN, DKNG and RDDT Stock Perpetual Contracts

Five new stock perpetual contracts span ETFs and single stocks

The exchange confirmed the upcoming listings in an official announcement, naming all five tickers set to receive perpetual futures trading pairs. The products are derivative contracts that track the price of the underlying equities, not direct share purchases.

Two of the five symbols are fund-style tickers. SMH is the VanEck Semiconductor ETF, which tracks a basket of chip stocks. EWZ is the iShares MSCI Brazil ETF, offering exposure to Brazilian equities.

The remaining three are individual company stocks. RIVN represents Rivian Automotive, the electric vehicle manufacturer. DKNG is DraftKings, the sports betting and fantasy sports company. RDDT is Reddit, the social media platform that went public in 2024.

The mix suggests OKX is deliberately offering a diversified set of U.S. market-linked themes rather than concentrating on a single sector. Traders on the platform will be able to take positions across semiconductors, emerging markets, EVs, online gambling and social media through a single derivatives interface.

What stock perpetual contracts offer OKX traders

Stock perpetual contracts let traders gain price exposure to equities without owning the underlying shares. Unlike traditional futures, perpetual contracts have no expiry date, allowing positions to remain open indefinitely as long as margin requirements are met.

These products sit at the intersection of crypto infrastructure and traditional markets. For users already active on OKX for cryptocurrency trading, the new listings provide a way to take directional positions on equity themes without needing a separate brokerage account. This is particularly relevant as crypto exchanges continue to blur the line between digital asset platforms and broader trading venues.

The full range of OKX’s stock perpetual products has been growing steadily. Adding five tickers at once signals that the exchange sees demand for equity-linked derivatives among its user base. The inclusion of both ETF-style and single-stock names widens the appeal, catering to traders who want broad sector bets alongside more targeted company-level exposure.

The listing also arrives as crypto exchanges increasingly compete to offer products beyond spot token trading. Developments like token movements to centralized exchanges and shifting risk sentiment across markets continue to shape how traders allocate across asset classes.

Key risks traders should understand

Stock perpetual contracts carry risks that differ materially from buying shares directly. Holders of these contracts do not receive shareholder rights such as voting privileges or dividend payments. The contracts purely track price movement.

Derivative-specific risks include liquidation, where a position can be forcibly closed if it moves against the trader beyond their margin buffer. This volatility risk is distinct from ordinary stock investing, where an investor can hold through drawdowns without facing automatic closure.

Funding rates, which are periodic payments between long and short holders that keep the contract price aligned with the underlying asset, add another cost layer that spot equity investors do not face. Traders should review the final contract specifications on OKX before trading, as the announcement does not detail specific leverage limits, margin requirements or funding rate mechanics.

Regulatory considerations also apply. Stock-linked perpetual contracts exist in a legal gray area in several jurisdictions, and availability may vary by region. As seen with recent moves like the Illinois crypto transaction tax, regulatory frameworks around digital asset products continue to evolve rapidly.

FAQ

Which tickers is OKX listing as stock perpetual contracts?

OKX is listing SMH (VanEck Semiconductor ETF), EWZ (iShares MSCI Brazil ETF), RIVN (Rivian Automotive), DKNG (DraftKings) and RDDT (Reddit).

What is a stock perpetual contract?

A stock perpetual contract is a derivative product that tracks the price of a stock or ETF without an expiry date. Traders can go long or short on the price without owning the underlying asset.

Is buying a stock perpetual the same as buying the stock?

No. Stock perpetual contract holders do not own shares and do not receive shareholder rights like voting or dividends. They are purely gaining or losing based on price movement of the underlying equity, with added derivative risks like liquidation and funding costs.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.