OKX is rolling out perpetual futures tied to the Magnificent 7, SPY, QQQ and major commodity benchmarks for European retail customers.
The new X-Perps markets allow users to trade futures linked to top US technology stocks, alongside index-based contracts on the S&P 500 and Nasdaq-100 via SPY and QQQ. The products also provide exposure to gold, silver and oil with up to 10x leverage, using the same margin pool as customers' crypto holdings.
OKX launched X-Perps in April with contracts tied to Bitcoin, Ether, Solana and XRP. The company says volumes in Europe have surged more than 447% since May 1, driven largely by new clients who previously traded US equity-linked derivatives on offshore or unlicensed platforms.
Crypto exchanges are increasingly blending equities and derivatives trading into single retail platforms in Europe. Kraken rolled out regulated tokenized equity perpetual futures in February, Coinbase followed in March, and Binance expanded into equities-linked products in June.
European regulators are examining how investor protection rules apply to perpetual derivatives and tokenized stock products ahead of the EU's full MiCA framework implementation on July 1, 2026.