OKX announced Wednesday the launch of X-Perps, a Europe-specific crypto derivatives product, extending its regulated offerings across the European Economic Area (EEA) via its Malta-based MiFID business.
The new derivatives product is now available to retail and institutional traders in all 30 EEA countries. The platform adheres to the Markets in Financial Instruments Directive (MiFID), the EU's regulatory framework for financial instruments.
X-Perps offers five-year expiry crypto derivatives with up to 10x leverage and supports multi-asset collateral, including euros, U.S. dollars, and various crypto assets. Initial trading pairs include major cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP, as well as memecoins such as Dogecoin (DOGE) and Pepe (PEPE).
OKX, the second-largest exchange in crypto derivatives in Q1 2026 by trading volume, aims to build a comprehensive, regulated European derivatives platform. OKX Europe CEO Erald Ghoos stated that X-Perps extends their derivatives offering into a regulated European framework, providing access for both institutions and retail traders.