OKX Launches Perpetual Contracts for HOOD, TSLA, and MSTR Stocks With 5x Leverage

OKX introduces perpetual contracts for Robinhood (HOOD), Tesla (TSLA), and MicroStrategy (MSTR) stocks, offering 5x leverage starting February 25, 2026.

In an exciting development for traders, OKX is set to expand its derivatives offerings by launching perpetual contracts for three prominent American stocks: Robinhood (HOOD), Tesla (TSLA), and MicroStrategy (MSTR) . Trading for these contracts will kick off on February 25, 2026, across the exchange's web platform, mobile app, and via API access. What Are Perpetual Contracts? Unlike standard stock futures, which come with expiration dates requiring traders to close or roll over their positions, perpetual contracts allow for continuous trading. These contracts remain open indefinitely and employ a funding mechanism ensuring that the price remains close to the underlying asset. This means that when you hold a position, whether long or short, you won't have to worry about rolling over your contract as is necessary with traditional futures. Why Choose HOOD, TSLA, and MSTR? The selection of Robinhood, Tesla, and MicroStrategy as underlying assets isn't random. Each of these stocks exhibits high volatility, appealing to the typical cryptocurrency trader. Robinhood has increasingly embraced the crypto space, establishing itself as a leading retail broker in the US for digital assets. Tesla's deep ties with Bitcoin bolster its relevance, given the company's history of holding BTC in its balance sheet. MicroStrategy stands out as it has effectively transformed itself into a corporate Bitcoin proxy, trading at a premium compared to its BTC assets. Historically, MSTR has mirrored Bitcoin's movements, amplifying both gains and losses, making it a familiar instrument for crypto traders. However, it has faced challenges, losing around 26% of its value this past month alone and 31% over the last three months. What's With the 5x Leverage? The maximum leverage for these new contracts is capped at 5x . This might seem limited compared to OKX's typical offerings, which can exceed 100x leverage for cryptocurrencies. However, the lowered leverage is intentional, especially for stocks lik