OKX launches X-Perps crypto derivatives platform for retail and institutional traders in Europe.

Global fintech firm OKX has launched X-Perps, a regulated crypto derivatives product for retail and institutional traders across the European Economic Area (EEA).

X-Perps operates under the EU's MiFID II framework and offers leverage of up to 10x and starts with ten trading pairs including Bitcoin, Ethereum, Solana and many others, Dogecoin and Pepe.

According to OKX, the product allows for capital-efficient trading of crypto markets by combining leveraged exposure with a fund rate mechanism by tying prices to underlying spot markets. This structure enables arbitrage opportunities while maintaining a framework aligned with institutional-level risk management.

X-Perps leverages OKX's established derivatives infrastructure, providing deep liquidity, fast execution and high yield to support stable performance in a variety of market conditions.

OKX's EU licensing route

OKX received a MiFID II license from a Malta-based entity in March 2025, followed by a payment institution license in February 2026, enabling stablecoin transactions and card services across the bloc.

According to OKX Europe CEO Erald Goss, Europe is one of the most important regions for regulated digital asset markets and remains the company's main focus.

“Certificates sit at the heart of crypto markets today. With X-Perps, we are bringing our proven high-performance derivatives to a streamlined European framework, giving both institutions and retail traders access to scale,” said Goss.

A sustainable future, the tool X-Perps exemplifies, will generate $92.9 trillion in global trade volume by 2025, according to CoinGecko. Perpetual contracts are a major tool in crypto trading, and until now, access to these products through European regulated channels has been slim.

“Combined with deep liquidity, OKX offers a level of depth, performance and risk management that few platforms can match. Our goal is simple: to provide European traders with the most complete and trusted derivatives trading environment in the market,” added Goss.