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OKX has launched 13 new X-Perp markets for European traders, adding futures tied to major U.S. technology stocks, commodities and index-linked products.
The rollout gives eligible users one account for crypto, U.S. equity-linked exposure, commodity-linked contracts and ETF-linked markets. All listed markets trade 24/7 with leverage of up to 10x.
13 Markets Cover Tech Stocks, Metals and Oil
The single-stock contracts track Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla. OKX also added contracts tied to gold, silver, WTI crude oil and Brent crude oil.
SPY and QQQ X-Perps give users exposure tied to two U.S. index ETFs. OKX said a SpaceX X-Perp is planned for June 12, subject to the product’s launch conditions.
X-Perps do Not Give Traders Share Ownership
The products do not give traders ownership of the underlying shares. Users do not receive voting rights, shareholder rights or dividends.
That makes the contracts derivatives rather than direct stock holdings. The structure gives users price exposure without turning the products into traditional equity ownership.
OKX Uses MiFID Structure for European Rollout
OKX is marketing the expansion through its European regulated derivatives setup. The company said the products are offered through a MiFID-licensed platform, with positions margined and settled in USD, USDC or USDG from an OKX account.
OKX has been building X-Perps as a Europe-specific product because standard perpetual swaps do not fit neatly under MiFID rules. The structure uses expiry futures rather than open-ended offshore-style perpetuals.
July 1 MiCA Cutoff Raises Compliance Stakes
OKX said its European business holds MiCA, MiFID II and payment institution licenses. The company said the MiCA transition period ends on July 1, 2026.
That timing matters as exchanges move more derivatives activity into licensed European venues. For OKX, the expansion adds more derivative products through its European regulated setup.
OKX Caps After-Hours Index Moves at 10%
The new contracts keep trading when U.S. equity markets are closed. OKX said its index price uses live stock prices during U.S. market hours and anchors to the last traditional finance close outside those hours.
Outside market hours, OKX limits index movement to a 10% band until markets reopen. That gives traders overnight and weekend access, but prices may differ from where the underlying shares later open.
