OKX Launches X-Perps in Simple Mode with Up to 10x Leverage
OKX has launched X-Perps in simple mode, a new way to trade with up to 10x leverage on its platform. This feature allows users to access over 80 markets covering crypto, stocks, commodities, and ETFs, making it easier for traders to get into leveraged positions.
Before opening an X-Perps position in simple mode, users must complete OKX's appropriateness assessment, a short questionnaire required by regulation to confirm they understand how leveraged products work. This ensures that traders are aware of the risks involved and can make informed decisions.
X-Perps in simple mode offers a streamlined experience with features such as locked entry prices, automatic leverage setting, and easy setup of stop-loss and take-profit orders. The default leverage is set to 3x, but users can adjust it up to 10x before confirming the trade. Settlement currencies available include USD, USDC, or USDG.
One of the key benefits of X-Perps in simple mode is its ease of use, making it accessible to traders who may not be familiar with more complex trading tools. However, users can switch from simple mode to regular X-Perps (Exchange mode) at any time for more manual control over their trades.