Crypto change OKX mentioned Wednesday it’s launching a Europe-specific cryptocurrency derivatives platform known as X-Perps.
The corporate mentioned the brand new derivatives product is offered to retail and institutional merchants throughout the European Financial Space (EEA).
OKX mentioned the platform is purpose-built in compliance with the Markets in Monetary Devices Directive (MiFID), a European Union regulatory framework governing monetary devices reminiscent of securities and derivatives.
The launch comes simply over a 12 months after OKX secured a MiFID II license in March 2025, which allowed the change to broaden its derivatives buying and selling throughout the EU.
Platform options multi-asset collateral and as much as 10x leverage
OKX mentioned X-Perps affords five-year expiry crypto derivatives with as much as 10x leverage and helps multi-asset collateral, together with euros, US {dollars} and crypto property.
At launch, the platform affords pairs for quite a few crypto property, together with main cash reminiscent of Bitcoin (BTC), Ether (ETH) and $XRP ($XRP), in addition to memecoins reminiscent of Dogecoin (DOGE) and Pepe (PEPE).
“OKX will probably be rolling out extra pairs and exploring high-demand merchandise for retail and institutional merchants because it builds out its absolutely featured, regulated European derivatives platform,” the corporate mentioned in an announcement shared with Cointelegraph.
A structurally completely different product designed for Europe
OKX’s launch of X-Perps comes because the change has emerged as a serious participant in derivatives buying and selling.
In accordance with CoinGlass, OKX ranked because the second-largest change in crypto derivatives within the first quarter of 2026, after Binance, with a cumulative quarterly buying and selling quantity of $2.19 trillion, versus Binance’s $4.9 trillion.
A spokesperson for OKX advised Cointelegraph that X-Perps is particularly structured to adjust to MiFID necessities and can differ from merchandise provided beneath different regulatory frameworks.
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OKX Europe CEO Erald Ghoos mentioned derivatives sit on the core of crypto markets, which proceed to dominate general buying and selling exercise, totaling $18.6 trillion in contrast with $1.9 trillion in spot buying and selling prior to now quarter.
“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 famous.
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