OKX mentioned Wednesday it’s rolling out a Europe-specific crypto derivatives product referred to as X-Perps, extending its regulated providing throughout the European Financial Space (EEA) via its Malta-based MiFID enterprise.
The corporate mentioned the brand new derivatives product is on the market to retail and institutional merchants throughout all 30 EEA nations.
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 comparable to securities and derivatives.
The launch follows OKX’s March 2025 announcement that it had acquired a MiFID-licensed entity in Malta, which allowed the alternate to develop its derivatives buying and selling throughout the EEA.
Platform options multi-asset collateral and as much as 10x leverage
OKX mentioned X-Perps gives 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 gives pairs for quite a few crypto property, together with main cash comparable to Bitcoin (BTC), Ether (ETH) and XRP (XRP), in addition to memecoins comparable to 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 totally different product designed for Europe
OKX’s launch of X-Perps comes because the alternate has emerged as a significant participant in derivatives buying and selling.
In response to CoinGlass, OKX ranked because the second-largest alternate 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 supplied below 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 total 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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