Home OKX Expands X-Perps In Europe With Magnificent 7, Gold & Oil Futures

OKX Expands X-Perps In Europe With Magnificent 7, Gold & Oil Futures

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OKX Expands X-Perps In Europe With Magnificent 7, Gold & Oil Futures
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Crypto exchange OKX is adding to its X-Perps lineup in Europe by launching futures tied to the Magnificent 7 tech stocks, major stock indices, and commodities like gold, silver, and oil.

These new products let European retail investors trade traditional assets and cryptocurrencies from one regulated account. This move follows a trend of crypto exchanges offering both digital assets and traditional financial products as European regulations change.

The new launch features contracts linked to major U.S. tech companies known as the Magnificent 7, along with index products tied to the S&P 500 and Nasdaq-100 through SPY and QQQ.

Users can also trade gold, silver, and crude oil futures with up to 10x leverage. They can manage these positions using the same margin pool as their crypto holdings, making portfolio management easier.

OKX launched X-Perps in April with crypto contracts for Bitcoin, Ether, Solana, and XRP. The company says these are regulated derivatives meant to closely follow the prices of the underlying assets.

Competition in this area is growing. Exchanges like Kraken, Coinbase, and Binance have launched or expanded products that let users access stocks, commodities, and indices through crypto platforms.

OKX Europe CEO Erald Ghoos says trading volumes for X-Perps have jumped since early May, with many new users coming from offshore platforms.

This expansion comes as European regulators keep reviewing how crypto-linked derivatives fit into current investor protection rules. With the EU’s MiCA regulations coming soon, exchanges are moving quickly to secure their place in the changing regulatory environment.

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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