Overview
- OKX introduced X-Perps for eligible EEA users under MiFID rules through its MFSA-regulated Malta entity.
- Contracts offer up to 10x leverage with five-year expiries.
- Traders must pass an appropriateness test before access, with negative-balance protection and real-time exposure monitoring applied.
- The system uses portfolio margin, continuous margining and multi-asset collateral, plus a funding rate that keeps prices near spot.
- Trading opens with pairs for BTC, ETH, ADA, DOGE, PEPE, LTC, PUMP, SOL, XRP and SUI, with more listings planned.