OKX launches X-Perps on US stocks in EU, despite ESMA pushback on perpetuals
Crypto exchange OKX announced the launch of new X-Perp futures in the EU, covering US stocks including Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, as well as Gold, Silver, WTI Crude Oil, and Brent Crude Oil. The announcement comes despite pushback from ESMA on perpetuals, as noted in the report's title.
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ESMA said in February that most perpetual futures likely qualify as CFDs; OKX's X-Perps carry a fixed five-year expiry and trade under its Malta MiFID II and MiCA licences with up to 10x leverage.
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