OKX Launches X-Perps for Leverage Trading in Europe
The OKX exchange has announced the launch of X-Perps, a new type of leveraged contract that allows traders to bet on Bitcoin's price without owning the underlying asset. This 'expiry perp' tracks Bitcoin's price and can be traded with leverage directly on OKX and TradingView in the European Economic Area (EEA).
X-Perps are designed for advanced traders who want to profit from either direction of a move, or hedge their spot positions without selling their underlying assets. They work by allowing traders to long or short Bitcoin's price, giving them exposure to the market without needing to own the actual cryptocurrency.
The new contract is MiFID-regulated, ensuring that it meets European financial regulations. However, traders must be 18+, have advanced verification, and reside in an eligible EEA country to participate. This means that X-Perps are currently only available to a limited audience in Europe.