The exchange adds Magnificent 7, gold, and oil contracts as crypto platforms expand into traditional asset derivatives.
OKX Europe introduced X-Perps, offering perpetual futures tied to the Magnificent 7, gold, and oil for retail traders. The move mirrors a broader trend of crypto exchanges integrating traditional financial assets into crypto-native products, targeting non-US markets with regulated offerings.
Competitors like Kraken, Coinbase, and Binance have recently rolled out similar equity-linked perpetual futures, including S&P 500 and Nasdaq 100 contracts. OKX reported a 447% surge in X-Perps volumes in Europe since May 1, driven largely by new clients shifting from offshore platforms.
The expansion comes as European regulators scrutinize crypto-asset markets under MiCA, pushing exchanges to consolidate stock and crypto trading under single regulated accounts.