OKX rolls out MiFID X-Perps across EEA with up to 10x leverage

OKX has launched X-Perps, a MiFID-compliant crypto derivatives product available across all 30 countries of the European Economic Area. The contracts have a five-year expiry and allow up to 10x leverage, with support for multi-asset collateral.

The product is offered through OKX’s Malta-based MiFID business and is open to retail and institutional traders across the EEA. The launch follows OKX’s March 2025 acquisition of a MiFID-licensed entity in Malta, which enabled the company to expand regulated derivatives services in the region.

X-Perps accepts euros, U.S. dollars and a range of crypto assets as collateral. At launch, trading pairs include Bitcoin, Ether, XRP, Dogecoin and Pepe. The five-year term differentiates these contracts from perpetuals and shorter-dated futures. As noted in the OKX review, the company plans to add more trading pairs and consider additional products based on demand.

A company spokesperson described X-Perps as “specifically structured to comply with MiFID requirements” and noted the product will differ from derivatives offered under other regulatory frameworks.

In the first quarter of 2026, OKX reported cumulative derivatives volumes of $2.19 trillion, second to Binance’s $4.9 trillion. The company highlighted that derivatives accounted for the majority of trading activity during the quarter.

OKX Europe CEO Erald Ghoos noted, “With X-Perps, we’re extending our proven, high-performance derivatives offering into a regulated European framework, giving both institutions and retail traders access at scale.”

The platform’s multi-asset collateral lets traders use fiat or crypto to meet margin requirements. OKX will monitor demand and add features and pairs accordingly.