OKX, a prominent player in the global fintech arena and recognized as a leading crypto trading platform, has announced the launch of 13 new X-Perp markets tailored specifically for traders in Europe. This significant move provides retail users unparalleled access to futures trading on notable tech stocks referred to as the “Magnificent 7,” as well as on four key commodities and the most substantial global indices.
Effective immediately, OKX users across Europe can engage in futures trading on major tech companies including Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla. Additionally, traders can now speculate on commodities such as Gold, Silver, WTI Crude Oil, and Brent Crude Oil. The newly introduced SPY and QQQ X-Perps provide exposure to the 500 largest publicly traded companies in the U.S. and the 100 largest non-financial companies in the Nasdaq, respectively. Noteworthy is the upcoming launch of X-Perps for SpaceX on June 12, which will further diversify trading options for users. All markets will operate continuously, allowing trades around the clock with leverage of up to 10x.
Historically, immediate reactions to critical market events—such as Federal Reserve decisions or commodity price shifts—were hampered by the need to wait for market openings or manage separate accounts with brokers. The introduction of X-Perps alleviates this issue, enabling capital to remain centralized on OKX. This means users can seamlessly transition investments between crypto and new asset classes without additional hassle.
Erald Ghoos, CEO of OKX Europe, emphasized the sophistication of European traders, who are acutely aware of market movements driven by earnings reports, regulatory decisions, commodity shifts, and geopolitical circumstances. “The X-Perps solution addresses these needs, providing access to all markets with one account, available 24/7. Our full regulatory compliance ensures that customers benefit from corresponding protections,” he stated.
Traction for X-Perps has been impressive; since May 1, trading volume has surged by over 447%. Ghoos anticipates this growth trajectory will continue and potentially quicken as OKX expands its product portfolio. While past performance is not indicative of future results, the data reveals an intriguing landscape: SPY has generated a 25% return in the past year, while QQQ has risen by 42%. The largest European ETF holds approximately $20 billion in assets under management, whereas SPY boasts a substantial $700 billion—a testament to the previously unattainable nature of these investment opportunities for European retail investors. The X-Perps structure represents a first practical avenue to access these markets from a fully licensed MiFID and MiCA platform.
OKX holds comprehensive MiCA, MiFID II, and Payment Institution licenses in Europe, offering regulated market participation across all EEA member states. As the MiCA transition period is set to conclude on July 1, 2026, unlicensed exchanges will find it increasingly difficult to offer crypto services within the EEA.
Investors should exercise caution, as X-Perps are leveraged derivatives, which can magnify both gains and losses. The potential for significant losses exists, and these products might not be suitable for every investor.
The company, headquartered in San Jose, California, with additional offices in Dubai and other global hubs, is renowned for its commitment to transparency and security. OKX publishes monthly Proof of Reserves reports, reinforcing its dedication to maintaining a trustworthy trading environment. For further information, interested parties are encouraged to visit OKX’s official website or download their app.
