In a significant move to strengthen its regulated offerings in Europe, OKX has officially launched X-Perps—a suite of regulated crypto derivatives—across all 30 countries of the European Economic Area (EEA). This rollout is facilitated through OKX's Malta-based entity, which operates under the Markets in Financial Instruments Directive II (MiFID II) framework, ensuring full regulatory compliance. The newly introduced product consists of five-year expiry futures contracts that support leverage of up to 10x and allow for multi-asset collateral, including euros, US dollars, and major cryptocurrencies. Initially, traders can access futures pairs linked to Bitcoin (BTC) and Ethereum (ETH), with expectations of further expansions. This strategic launch not only broadens OKX's product portfolio but also provides European traders with a secure, regulated avenue to engage in crypto derivatives trading. By aligning with MiFID II standards, OKX aims to enhance market integrity, investor protection, and transparency, thereby fostering greater institutional and retail participation in the digital asset space. The introduction of X-Perps underscores OKX's commitment to regulatory adherence and innovation, positioning the exchange as a key player in the evolving European crypto landscape. As regulatory clarity improves across the region, such compliant offerings are likely to accelerate mainstream adoption of cryptocurrency derivatives, contributing to the maturation and legitimacy of the broader digital finance ecosystem.

OKX Expands Regulated Crypto Derivatives in Europe with X-Perps Launch

OKX has rolled out X-Perps, a regulated crypto derivatives product, across all 30 European Economic Area countries through its Malta-based MiFID entity. The exchange structured these five-year expiry futures contracts to comply with MiFID II rules, offering up to 10x leverage and multi-asset collateral support, including euros, US dollars, and cryptocurrencies.

Traders can now access pairs linked to Bitcoin (BTC), Ether (ETH), XRP (XRP), Dogecoin (DOGE), and Pepe (PEPE). The move solidifies OKX's position as a key player in the derivatives market, having ranked second globally in trading volume during Q1 2026 with $2.19 trillion.

The Malta-licensed expansion underscores the growing institutionalization of crypto markets within Europe's regulatory framework. 'This is about bringing compliant innovation to traders,' said OKX Europe CEO Erald Ghoos, though his full statement was cut short in the release.

Bhutan's Strategic Bitcoin Movements Signal Shifting Crypto Reserves

The Royal Government of Bhutan executed a significant transfer of 250 BTC ($18.46 million) to a new wallet this Wednesday, continuing a pattern of substantial outflows from its cryptocurrency reserves. Blockchain analytics firm Arkham reports these movements have totaled 3,247 BTC ($240.4 million) in 2026 alone.

Bhutan's current holdings now stand at 3,524 BTC ($260.9 million) - a dramatic 73% reduction from its October 2024 peak of nearly 13,000 BTC. The wallet cluster also contains 30.15 ETH ($70,160), suggesting diversified digital asset exposure despite the Bitcoin drawdown.

Market observers note the latest transaction follows similar transfers to wallets linked with institutional crypto platforms Galaxy Digital and OKX. While the government's exact motives remain undisclosed, the consistent movement patterns indicate active treasury management rather than panic liquidation.