OKX Unveils X-Perps in EEA with Regulated Leverage and Multi-Asset Collateral

OKX has made a significant move in the cryptocurrency derivatives market by launching its X-Perps product in the European Economic Area (EEA). The product, which offers up to 10x leverage and multi-asset collateral, is designed to cater to both retail and institutional traders across all 30 EEA countries.

The launch of X-Perps marks a key milestone for OKX as it seeks to expand its presence in the onshore market. The product's regulatory framework is structured to comply with the Markets in Financial Instruments Directive (MiFID), aligning crypto derivatives with existing financial market rules.

X-Perps introduces a standardized framework for trading crypto derivatives within a regulated environment, a contrast to the largely offshore structure that has dominated the sector. The product's design reflects regulatory constraints under MiFID II, where perpetual derivatives would be classified as contracts for difference and face stricter limitations.