OKX is rolling out perpetual futures tied to the Magnificent 7, SPY, QQQ and main commodity benchmarks for European retail clients.
In a Tuesday launch shared with Cointelegraph, OKX stated the brand new X-Perps markets permit customers to commerce futures tied to high US know-how shares, alongside index-linked contracts based mostly on the S&P 500 and Nasdaq-100 through SPY and QQQ.
The merchandise additionally present publicity to gold, silver and oil with as much as 10x leverage, utilizing the identical margin pool as clients’ crypto holdings.
OKX defines its X-Perps lineup as a regulated derivatives product that mixes leveraged buying and selling with a funding-rate mechanism designed to trace underlying spot costs. It launched in April with crypto-linked contracts together with Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP.
Crypto exchanges are more and more converging equities and derivatives buying and selling into single retail platforms in Europe, the place regulatory overlap between the Markets in Monetary Devices Directive (MiFID II) and the European Union’s Markets in Crypto Belongings (MiCA) framework is reshaping how conventional and digital asset publicity is packaged for retail buyers.
OKX Europe launched X-Perps. Supply: OKX
Crypto exchanges race to deliver inventory derivatives onshore
The addition of contracts linked to the Magnificent 7, a nickname for seven of the most important US tech corporations, comes as exchanges more and more package deal conventional monetary property into crypto-native buying and selling merchandise.
Kraken rolled out regulated tokenized fairness perpetual futures for non-US shoppers in February, together with devices tied to the S&P 500, Nasdaq 100, Magnificent 7 and gold, constructed on its xStocks framework.
Coinbase adopted in March, launching inventory perpetual futures for non-US customers through Coinbase Superior and Coinbase Worldwide Trade with crypto-settled margin.
Binance has additionally expanded into equities-linked merchandise, rolling out commission-free buying and selling for US-listed shares and exchange-traded funds for non-US customers earlier in June.
Associated: France’s AMF regulator units June 30 deadline for MiCA licensing
OKX’s wager is that X-Perps deliver that fairness derivatives performance for European retail in a single, regulated account, somewhat than forcing merchants to juggle a dealer regulated underneath the MiFID II for shares and an offshore crypto change for perpetual futures.
Erald Ghoos, chief government of OKX Europe, advised Cointelegraph that X-Perps volumes in Europe have risen greater than 447% since Might 1 and are “predominantly” being pushed by new shoppers who beforehand traded US equity-linked derivatives on offshore or unlicensed platforms.
Regulators weigh guidelines for crypto-linked derivatives
The expansion of stock-linked merchandise on crypto platforms comes as European regulators study how present securities and derivatives guidelines apply to crypto-linked funding merchandise.
The European Securities and Markets Authority (ESMA) warned in February that leveraged crypto-linked derivatives might fall underneath present EU CFD guidelines, which impose limits on leverage, margin close-out protections and threat warnings.
European regulators are additionally inspecting how investor safety guidelines apply to perpetual derivatives and tokenized inventory merchandise forward of the EU’s full MiCA framework implementation on July 1, 2026.
Crypto asset service suppliers that fail to acquire authorization might be required to cease serving EU shoppers.
Journal: Information to the highest and rising world crypto hubs — Mid-2026