OKX US Stock Products Hit $71.9B in 30-Day Volume

The split is the story: perpetuals dwarf spot by roughly 46 to 1, which suggests this is a derivatives-led franchise rather than genuine equity ownership — a distinction that matters for anyone tracking how crypto venues are positioning themselves against traditional brokers. Concentration in memory storage names also means the book's health is tied to a single thematic trade rather than broad equity demand. Whether the perpetual-to-spot ratio narrows, and whether memory keeps carrying the mix, are the open questions.