OKX expands X-Perps in Europe with Magnificent 7, gold and oil futures
OKX is expanding its X-Perps lineup for European retail users with perpetual futures tied to the Magnificent 7, SPY, QQQ, and commodities including gold, silver, and oil. The products offer up to 10x leverage and use the same margin pool as crypto holdings. X-Perps is positioned as a regulated derivatives offering that tracks spot prices through funding rates; it initially launched with crypto-linked contracts such as BTC, ETH, SOL, and XRP. The move reflects a wider push by crypto exchanges to combine stock and derivatives trading in Europe, where MiFID II and MiCA rules are reshaping retail access to traditional and digital assets. Kraken, Coinbase, and Binance have also launched or expanded equities-linked products for non-US users. OKX says European X-Perps volumes have jumped sharply since May, driven mainly by users shifting from offshore or unlicensed platforms. Regulators are still assessing how leverage, investor protections, and authorization requirements apply to these products.
