OKX has expanded its European X-Perps platform with 13 new markets, the company announced in a press release Tuesday.
The move gives retail traders across the European Economic Area 24/7 perpetual futures access to all seven Magnificent 7 stocks, two commodity oil benchmarks, gold, silver, and index trackers for the S&P 500 and Nasdaq-100.
The new contracts, launched Monday, cover Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla alongside Gold, Silver, WTI Crude Oil, Brent Crude Oil, SPY, and QQQ, per a press release shared with crypto.news. All 13 markets support leverage of up to 10x. OKX said a SpaceX-linked X-Perp will be added on June 12 following the company’s IPO.
Erald Ghoos, CEO of OKX Europe, said the expansion addresses a structural gap for European traders who follow equities and commodities but have lacked an around-the-clock, single-platform access point.
“X-Perps fix that. One account, every market, 24/7. And because we’re fully regulated, our customers get the protections that come with that,” Ghoos said in the press release.
OKX’s X-Perps Product
X-Perps are five-year expiry futures that use a funding rate mechanism to track the underlying spot price, combining elements of perpetual swaps with a fixed maturity. OKX launched the product category in Europe in April under its MiFID II authorization, initially covering major crypto assets. Monday’s expansion adds traditional market exposure to the lineup.
X-Perps trading volume has risen more than 447% since May 1, OKX said. The company also cited the disparity between U.S. and European index products as context for European demand: SPY holds roughly $700 billion in assets while the largest comparable European ETF manages around $20 billion.
The rollout follows Coinbase’s launch of perpetual equity index futures for U.S. customers. OKX’s European product operates under MiCA and MiFID II licenses, positioning the exchange to compete for retail brokerage flows as the EU’s MiCA transition period closes on July 1, 2026. Exchanges without the required licenses will no longer be permitted to offer crypto services across the European Economic Area after that date.
OKX Europe Markets Ltd is authorized by the Malta Financial Services Authority under the Investment Services Act as a MiFID II license holder. The platform was initially launched in April under that authorization, offering crypto-only perps, before today’s traditional-assets expansion.