International fintech agency OKX has launched X-Perps, a regulated crypto derivatives product for retail and institutional merchants throughout the European Financial Space (EEA).
X-Perps operates beneath the EU’s MiFID II framework, provides as much as 10x leverage, and launches with ten buying and selling pairs masking Bitcoin, Ethereum, Solana, and a number of other others, together with Dogecoin and Pepe.
In response to OKX, the product permits capital-efficient buying and selling of crypto markets by combining leveraged publicity with a funding price mechanism that anchors pricing to underlying spot markets. This construction permits arbitrage alternatives whereas sustaining a regulated framework with institutional-grade threat administration.
X-Perps leverages OKX’s established derivatives infrastructure, providing deep liquidity, speedy order execution and excessive throughput to assist secure efficiency throughout various market situations.
OKX’s EU licensing path
OKX acquired a MiFID II license by a Malta-based entity in March 2025, then picked up a Funds Establishment license in February 2026, enabling stablecoin transactions and card companies throughout the bloc.
In response to OKX Europe CEO Erald Ghoos, Europe is among the most necessary areas for regulated digital asset markets and stays a core focus for the corporate.
“Derivatives sit on the core of crypto markets at the moment. With X-Perps, we’re extending our confirmed, high-performance derivatives providing right into a regulated European framework, giving each establishments and retail merchants entry at scale,” Ghoos mentioned.
Perpetual futures, the instrument X-Perps is modeled on, generated $92.9 trillion in buying and selling quantity globally in 2025, per CoinGecko. Perpetual contracts are the dominant instrument in crypto buying and selling, and till now, European entry to those merchandise by regulated channels has been skinny.
“Mixed with deep liquidity, OKX delivers a stage of depth, efficiency and threat administration that few platforms can match. Our purpose is easy: to supply Europe’s merchants with essentially the most full and trusted derivatives buying and selling setting out there,” Ghoos added.
