Key Highlights
- OKX introduced X-Perps throughout the European Economic Area’s 30 member countries via its Malta-licensed MiFID operation.
- X-Perps functions as five-year maturity futures contracts designed to meet MiFID II compliance standards.
- Users can trade with up to 10x leverage while utilizing multi-asset collateral such as euros, US dollars, and various cryptocurrencies.
- Available trading pairs include Bitcoin BTC, Ether ETH, XRP XRP, Dogecoin DOGE, and Pepe PEPE.
- The platform secured the second position globally for crypto derivatives trading volume during Q1 2026, processing $2.19 trillion.
OKX introduced X-Perps, a European-focused crypto derivatives offering, through its MiFID entity based in Malta. The platform became accessible to both retail participants and institutional clients throughout the entire European Economic Area’s 30 member states. This deployment strengthens OKX’s position in providing regulated derivatives services operating within the European Union’s Markets in Financial Instruments Directive regulatory framework.
Regulated derivatives reach all EEA member states
OKX confirmed that X-Perps runs through its Malta-headquartered MiFID-authorized operation. The platform secured this licensed entity through an acquisition completed in March 2025 to broaden derivatives offerings across European markets.
The company emphasized that the service adheres to Markets in Financial Instruments Directive regulations that oversee securities and derivatives instruments. Consequently, market participants throughout all 30 EEA jurisdictions can engage with this offering while remaining inside a regulated framework.
OKX Europe CEO Erald Ghoos explained the product’s design at Paris Blockchain Week. He noted, “Perpetual derivatives cannot exist under MiFID II because they would otherwise be classified as contracts for difference.”
The executive explained that OKX created X-Perps as five-year maturity futures instruments to satisfy regulatory obligations. This approach ensured the product aligns with European compliance frameworks.
Ghoos mentioned on X that approximately 95% of crypto derivatives activity continues happening through offshore platforms. He remarked, “With X-Perps, we are bridging that gap under a fully regulated exchange where we offer great liquidity.”
Major cryptocurrencies and memecoins available for trading
OKX indicated that X-Perps enables multi-asset collateral options, encompassing euros, US dollars, and digital currencies. Traders can utilize leverage up to 10x on these five-year maturity crypto derivatives instruments.
The initial release provides access to trading pairs featuring prominent digital currencies. These encompass Bitcoin (BTC), Ether (ETH), and XRP (XRP).
The service additionally includes meme-based tokens like Dogecoin (DOGE) and Pepe (PEPE). OKX announced intentions to introduce additional trading pairs progressively.
The platform shared launch information in a statement to Cointelegraph. The organization indicated plans to develop high-demand offerings targeting both retail customers and institutional participants.
Based on CoinGlass metrics, OKX held the second position among crypto derivatives platforms during the opening quarter of 2026. The exchange processed $2.19 trillion in total quarterly trading activity.
Binance maintained the top position with $4.9 trillion in quarterly derivatives volume throughout the identical timeframe. These figures represent platform performance for Q1 2026.
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