OKX has announced the launch of a new crypto derivatives product called X-Perps. The product introduces MiFID-regulated five-year expiry crypto derivatives for the European Economic Area, with up to 10× leverage. It is designed for both retail and institutional traders.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!).
The launch places OKX’s regulated derivatives offering in a segment that may, in certain structural aspects, resemble CFD-style leveraged trading. At the same time, it introduces longer-dated expiries and portfolio margining features that are not typical in standard CFD products.
OKX Expands EEA Access with X-Perps
The product will be available to eligible customers across the EEA. It includes advanced margin features through a unified account structure, enabling real-time, multi-asset and multicurrency functionality within a single risk framework.
- Retail Traders See Goldman Sachs Enter Bitcoin Yield ETF Race with Options-Based Filing
- Kraken’s Extortion Claim Points to a Growing Market for Insider Access
- Japan Moves Crypto into Financial Instruments Framework, Bans Insider Trading
X-Perps is designed to support capital-efficient trading of volatility and directional positions. It uses a funding rate mechanism that keeps derivatives pricing aligned with spot markets. It also enables what OKX described as funding rate arbitrage opportunities, alongside standard crypto derivatives trading mechanics.
The platform is built on OKX’s existing derivatives infrastructure, using deep liquidity, low-latency matching, and high-throughput order processing. The company said this is intended to support execution stability across different market conditions.
European Traders Access Multi-Asset X-Perps Platform
On the product side, it includes leverage up to 10×, portfolio margining, and continuous margining without batch settlement. It also supports advanced order types, charting tools, mobile access, and API connectivity . Multi-asset collateral is accepted in EUR, USD, and selected crypto assets.
The platform launches with BTC, ETH, ADA, DOGE, PEPE, LTC, PUMP, SOL, XRP, and SUI trading pairs, with additional listings planned over time.
The system includes negative balance protection, continuous exposure monitoring, and is backed by Proof-of-Reserves and asset verification frameworks. European users must pass an appropriateness assessment before accessing X-Perps.
