OKX is launching regulated crypto derivatives with up to 10x leverage for retail and institutional traders in Europe. The product is built on OKX's global platform and is available to customers across the EEA from today.
This includes Norway, Sweden, Denmark, Finland, Iceland and the Baltics, making the product, called X-Perps, available to a broad European audience. The product is designed for traders who want to take positions in crypto more efficiently – without tying up more capital than necessary.
X-Perps are derivatives with a five-year expiry, regulated under MiFID – the common regulatory framework for crypto across the EU and EEA.
"Derivatives are at the very core of crypto markets today. With X-Perps, we are bringing our proven, high-performance offering into a regulated European framework – giving both institutions and retail traders access at scale. Our goal is simple: to provide Europe's traders with the most complete and trusted derivatives trading environment in the market." — Erald Ghoos, CEO, OKX Europe
X-Perps offers up to 10x leverage, with spot and derivatives consolidated in a single account giving one unified view of risk. Pricing tracks the spot market continuously. When the price of X-Perps deviates from the spot price, it creates opportunities for arbitrage – meaning traders can buy cheaply in one market and sell at a higher price in another, simultaneously and without directional risk. Positions are updated continuously without settlement pauses, and collateral can be posted in EUR, USD and major crypto assets. Traders get access to advanced order types, charting tools and full API access, and cannot lose more than what has been deposited. X-Perps launches with support for ten crypto assets: BTC, ETH, ADA, DOGE, PEPE, LTC, PUMP, SOL, XRP and SUI, with more assets in development.
X-Perps is a clear signal that major global crypto players are now taking Europe seriously – not just as a compliance requirement, but as a strategic growth market. Regulated crypto derivatives under MiFID have been a gap in the European offering, and OKX is positioning itself ahead of what could become a broader industry trend. Bybit EU has also previously made crypto derivatives with up to 10x leverage available on its European platform.
For institutional players, this type of product is particularly compelling: mature platforms for derivatives trading, available within a regulatory framework they can actually use.
