OKX Expands European Footprint with Regulated X-Perps Launch
In a significant move to capture the European market, leading cryptocurrency exchange OKX has officially launched X-Perps, a suite of regulated crypto derivatives products designed specifically for traders within the European Economic Area (EEA). This strategic rollout, announced in April 2026, marks a pivotal step in bridging the gap between innovative crypto trading and the region's stringent regulatory framework. The product is regulated under the Markets in Financial Instruments Directive (MiFID), providing a compliant and secure environment for both retail and institutional participants. X-Perps distinguishes itself by offering long-dated perpetual contracts with expiries extending up to five years, a feature that caters to traders seeking sustained, leveraged exposure to crypto assets without the complexities of frequent rollovers. This long-term structure is particularly appealing for institutional strategies and retail investors with a bullish, multi-year outlook on the digital asset class. Beyond the novel contract terms, OKX is leveraging its robust existing derivatives infrastructure to offer a seamless trading experience. A key feature of the new platform is its unified account system, which enables sophisticated multi-asset margining. This system allows traders to collateralize their positions using a diversified portfolio of assets, optimizing capital efficiency and risk management. By consolidating European trading activity under a MiFID-regulated umbrella, OKX is not only expanding its service offerings but also reinforcing its commitment to regulatory compliance and user protection. This launch is poised to intensify competition among crypto exchanges in Europe, setting a new standard for how derivatives are offered in regulated markets. It signals a maturation of the crypto ecosystem, where established players like OKX are proactively designing products that meet traditional finance standards while preserving the innovative, high-potential nature of cryptocurrency investments. For the European crypto community, X-Perps represents a powerful new tool for portfolio construction and leveraged trading within a trusted regulatory perimeter.
OKX Launches MiFID-Regulated X-Perps for European Crypto Derivatives Trading
OKX has rolled out X-Perps, a regulated crypto derivatives product tailored for European traders, featuring long-dated contracts with five-year expiries and leveraged exposure. The offering targets both retail and institutional participants across the European Economic Area, leveraging the exchange's existing derivatives infrastructure.
The platform introduces a unified account system enabling multi-asset margining, allowing traders to manage spot and derivatives positions under a single risk framework. This design reduces collateral pressure and enhances capital efficiency for hedged positions, while supporting real-time adjustments across assets in a regulated environment.
X-Perps employs a funding rate mechanism to maintain alignment between derivative pricing and spot markets, creating arbitrage opportunities while preserving market equilibrium. OKX combines deep liquidity with low-latency execution to ensure stable performance during volatile market conditions.
The product enables leverage of up to 10x, permitting traders to amplify positions regardless of capital size. This launch marks a significant expansion of OKX's institutional-grade trading offerings in Europe's regulated crypto market.
OKX Singapore Debuts Visa Debit Card for Stablecoin Spending
OKX Singapore has introduced the OKX Card, a Visa debit card that allows users to spend stablecoins—USDC, USDT, or USDG—directly from their OKX Pay wallets. The card converts stablecoins to local fiat at the point of sale through Visa and StraitsX, a licensed Singaporean payment provider. This move bridges crypto holdings with mainstream commerce, eliminating the need for manual conversions.
Linked natively to OKX Pay, the card maintains self-custody: users retain control of their stablecoins until transaction execution. Merchants receive settlements in local currency, while the exchange monetizes via a 0.1% conversion spread. The product includes Visa Platinum perks and integrates with Apple Pay and Google Pay for contactless transactions.
CEO Gracie Lin positions the card as a familiarity play. "Users want innovation to feel effortless," she noted. "By partnering with Visa, we’re enabling stablecoin utility without disrupting existing payment habits." The launch coincides with OKX’s development of Event Contracts, a pending product for speculative trading on real-world outcomes.