OKX Expands into Pre-IPO Markets and Tokenized Stocks in Europe

OKX has expanded its platform beyond traditional crypto trading by introducing pre-IPO markets and tokenized stocks for European traders. The exchange is offering pre-IPO X-Perps tied to OpenAI and Anthropic, allowing traders to take leveraged long or short positions on the implied valuations of these private companies with up to 10x leverage.

The tokenized stock offering includes 100 markets covering companies such as SpaceX, Google, NVIDIA, Palantir, SPY, and QQQ ETFs. Traders can buy, sell, or convert tokens and trade them outside regular market hours using various order types.

Erald Ghoos, OKX Europe CEO, stated that pre-IPO exposure has been challenging for European traders to access through traditional brokerage and regulated platforms. He noted that X-Perps volume in Europe has increased fourfold since the MiCA transition period ended in July.