Global fintech firm OKX has launched X-Perps, a regulated cryptocurrency derivatives platform for retail and institutional traders across the European Economic Area (EEA).
X-Perps operates under the EU’s MiFID II framework, offering up to 10x leverage. It launches with ten trading pairs, including Bitcoin, Ethereum, Solana, Dogecoin, and Pepe.
The product allows capital-efficient trading by combining leveraged exposure with a funding rate mechanism that anchors pricing to underlying spot markets. This structure provides arbitrage opportunities within a regulated framework and institutional-grade risk management.
OKX secured its MiFID II license through a Malta-based entity in March 2025, followed by a Payments Institution license in February 2026.
OKX Europe CEO Erald Ghoos stated, "Europe is one of the most important regions for regulated digital asset markets and remains a core focus for the company. With X-Perps, we’re extending our proven, high-performance derivatives offering into a regulated European framework."
Perpetual futures, the instrument X-Perps is modeled on, generated significant trading volume globally in 2025, making them a dominant instrument in crypto trading. Access to these products through regulated European channels has been limited until now.