OKX Adds Shiba Inu and Other Tokens to European X-Perps Platform

OKX, a prominent cryptocurrency exchange, has added Shiba Inu (SHIB) and other tokens to its European X-Perps platform. This platform offers leveraged derivatives that combine characteristics of perpetual futures with a fixed expiration date.

X-Perps, or Expiry Perpetuals, are designed for professional-grade execution and allow users to take both long and short positions. They use a funding rate mechanism to keep prices closely aligned with the underlying spot market.

The platform supports up to 10x leverage and multi-asset margin, enabling users to post Bitcoin, Ethereum, Solana, or supported stablecoins as collateral. The new listings continue OKX's strategy of broadening its X-Perps offering beyond cryptocurrencies by including contracts tied to major publicly traded companies.

The Shiba Inu ecosystem is celebrating the token's sixth anniversary, with the official SHIB account thanking holders, builders, and community members for supporting one of crypto's largest ecosystems. OKX has long been an important venue for SHIB traders, with its SHIB/USDT spot pair consistently ranking among the token's most actively traded markets by daily volume.