OKX expands European X‑Perps with Mag 7, major commodities and U.S. index exposure
OKX has widened its X‑Perps offering in Europe, adding 13 new perpetual futures markets that let retail traders access major U.S. tech stocks, key commodities and popular ETFs — all on a regulated platform.
What’s new
- Stocks: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla (the “Magnificent 7”).
- Commodities: Gold, Silver, WTI Crude and Brent Crude.
- Indices/ETFs: SPY (S&P 500) and QQQ (Nasdaq‑100).
- SpaceX‑linked X‑Perp is scheduled to launch on June 12, immediately after the company’s IPO.
Product highlights
- 24/7 trading on all new contracts.
- Up to 10x leverage.
- One account to move between crypto and traditional asset exposure.
- New users can get a €30 bonus when opening an X‑Perps account (per OKX promotion).
Why OKX is pushing X‑Perps in Europe
OKX says X‑Perps let investors react instantly to earnings, central‑bank moves, commodity swings and geopolitical events without juggling separate brokerage accounts or market‑hour limits. Erald Ghoos, CEO of OKX Europe, framed the expansion as addressing a gap in how European retail investors can trade traditional markets around the clock while remaining on a regulated platform — “One account, every market, 24/7,” he said.
Demand is rising
OKX reported a 447% increase in X‑Perps trading volume since May 1, signaling strong appetite for the product category as new markets roll out. The exchange highlighted recent returns for the introduced indices: SPY has returned about 25% over the past 12 months, while QQQ is up roughly 42% over the same period. OKX also contrasted scale: the largest European ETF manages around $20 billion, compared with SPY’s roughly $700 billion.
Regulatory context
OKX emphasizes its European X‑Perps operate under MiCA and MiFID II authorizations — an important point as the EU’s MiCA transition period runs toward a July 1, 2026 deadline after which unlicensed exchanges will no longer be able to offer crypto services across the EEA.
Broader expansion moves
The launch comes as OKX pushes beyond spot trading: in May, OKX Ventures agreed to buy a 19.6% stake in South Korea’s Coinone for 80 billion won (about $53 million), aiming to boost cooperation on security and risk controls. In April, OKX introduced an Agent Payments Protocol to let AI agents handle payments, settlements, escrow and disputes across blockchains — part of a broader strategy to support AI‑driven commerce on its infrastructure.
Bottom line
With X‑Perps now covering big tech, major commodities and U.S. index exposure, OKX is betting on regulated, around‑the‑clock derivatives to attract European retail traders who want a single, compliant platform for both crypto and traditional markets.
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