OKX has broadened its European offering of X-Perps, rolling out 13 new perpetual futures markets that give retail traders regulated, 24/7 access to major U.S. tech stocks, index trackers and commodities — all from a single account.
What’s new
- Magnificent Seven stock X-Perps: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.
- Index exposure: SPY (S&P 500) and QQQ (Nasdaq‑100).
- Commodities: Gold, Silver, WTI Crude and Brent Crude.
- Leverage: up to 10x on all new contracts.
- Availability: contracts trade around the clock.
- Bonus: new X-Perps accounts are being offered a €30 incentive.
- Coming soon: a SpaceX-linked X-Perp will launch June 12 following the company’s IPO.
Why it matters
OKX says X-Perps let European retail investors react instantly to earnings, central‑bank moves, commodity swings and geopolitical events without juggling multiple brokerages. The contracts allow users to keep capital in a single platform and switch between crypto and traditional-asset exposure. OKX Europe CEO Erald Ghoos summed it up: “One account, every market, 24/7. And because we’re fully regulated, our customers get the protections that come with that.”
The expansion follows a surge in demand: OKX reports X-Perps trading volume jumped more than 447% since May 1. The exchange highlighted recent performance of the linked indices — SPY is up roughly 25% over 12 months and QQQ about 42% — and noted the scale gap between U.S. products and European equivalents (the largest European ETF holds roughly $20 billion versus about $700 billion in SPY).
Regulatory context
OKX emphasizes the new products are offered under MiCA and MiFID II authorizations, addressing a common barrier for European retail investors seeking U.S.-linked exposure. The move comes ahead of the end of the EU’s MiCA transition period on July 1, 2026, after which platforms without required licenses won’t be able to offer crypto services across the European Economic Area.
Broader strategy
The launch is part of OKX’s wider push beyond spot trading. In May, OKX Ventures agreed to buy a 19.6% stake in South Korea’s Coinone for 80 billion won (~$53 million), aiming to boost cooperation on security, risk management and user protection. In April the firm also unveiled an Agent Payments Protocol to enable AI agents to handle payments, settlements, escrow and disputes across blockchains — signaling a push into regulated products and infrastructure services alongside its exchange business.
Bottom line: OKX is positioning X-Perps as a regulated, 24/7 gateway for European retail traders to access major U.S. equities, indices and commodities without leaving the crypto exchange ecosystem.
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