X-Perps Adds TAO, BNB, HYPE, LINK, and TRX: Five New MiFID-Regulated Crypto Derivatives Pairs Live on OKX in Europe
X-Perps (Expiry Perps) are OKX's MiFID-regulated leveraged derivatives contracts for eligible traders in the 30 EEA jurisdictions, offering up to 10x leverage, multi-asset margin (BTC, ETH, SOL, USDC, USDG, DOGE), 8-hour funding rate settlements, and a fixed 5-year cash settlement date.On May 20, 2026, X-Perps added 5 new X-Perps pairs, bringing the total listed pairs on the platform to 15. The expansion covers a combination of AI narrative and global top 10 tokens by market capitalisation as of May 20, 2026. The newly added tokens are: TAO, BNB, HYPE, LINK, and TRXX-Perps is offered exclusively by OKX Europe Markets Ltd ("OEM"), authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta), Licence No. OEML-15905. CTA: Unlock X-Perps Follow the steps below to access X-Perps on OKX: Desktop: Log in → click Trade → select Unlock X-Perps → complete the appropriateness assessment → X-Perps is accessible from the Trade menu.
Mobile: Open the OKX app → tap the menu → tap X-Perps → complete the appropriateness assessment → X-Perps is accessible from the menu at any time. TL;DR
5 new Expiry Perps pairs live on X-Perps from May 20, 2026: TAO, BNB, HYPE, LINK, and TRX
Newly added AI narrative tokens as of 20 May 2026: TAO
Newly add top-10 tokens by market cap as of 20 May 2026: HYPE, BNB & TRX
Available to EEA users regulated via OKX Europe Markets Ltd ("OEM"), authorised under the Investment Services Act (Chapter 370 of the Laws of Malta) by the Malta Financial Services Authority
Up to 10x leverage, funding rate every 8 hours, 5-year fixed settlement date
Multi-asset margin: BTC, ETH, SOL, USDC, USDG, or DOGE
Mandatory appropriateness assessment required for new users
Important Note: X-Perps are leveraged derivatives; leverage can amplify gains and losses. Losses may occur as quickly as gains. X-Perps may not be suitable for all investors. If you invest in X-Perps, you may lose some or all of the money you invest. See the full risk disclosure in the disclaimer below before trading.
What derivatives pairs are launching on X-Perps on May 20, 2026?
The new X-Perps tokens available, TAO, BNB, HYPE, LINK, and TRX, will all operate under the same margin engine and fee structure as existing X-Perps pairs. Each new pair uses the same settlement logic, liquidation engine, and funding-rate mechanism as the 10 pairs already listed on X-Perps at launch (BTC, ETH, SOL, DOGE, XRP, ADA, LTC, SUI, PEPE, PUMP). Existing X-Perps users do not need to create a new account, complete additional KYC, or move funds to a separate margin pool to trade the new pairs.
Pair | Max Leverage | Funding Rate Interval | Launch Date |
TAO-USD PERP | 10x | 8 hours | May 20, 2026 |
BNB-USD PERP | 10x | 8 hours | May 20, 2026 |
HYPE-USD PERP | 10x | 8 hours | May 20, 2026 |
LINK-USD PERP | 10x | 8 hours | May 20, 2026 |
TRX-USD PERP | 10x | 8 hours | May 20, 2026 |
Are X-Perps on OKX regulated in Europe?
X-Perps is offered and operated under the Investment Services Act (Chapter 370 of the Laws of Malta) by OKX Europe Markets Ltd ("OEM"), which holds Investment Services Licence from Malta Financial Services Authority (MFSA) (registration number OEML-15905). This license authorises OKX Europe Markets Ltd to offer crypto derivatives to eligible retail and professional clients in the EEA. All 15 pairs on X-Perps, including the 5 launching on May 20, 2026, are available exclusively through this licensed entity. Position limits, margin requirements, and risk disclosures for each pair are set in accordance with MiFID Rules and ESMA guidelines. All users must pass a mandatory appropriateness assessment before accessing X-Perps, confirming the product suits their investment objectives and risk appetite.
What are X-Perps on OKX?
X-Perps (Expiry Perps) are leveraged derivatives contracts that let traders take long or short positions on the price movements of crypto assets without owning the underlying coins. X-Perps are available to eligible traders in all 30 EEA countries through OKX Europe Markets Ltd ("OEM"), authorised by the Malta Financial Services Authority (MFSA), Licence No. OEML-15905. X-Perps offer up to 10x leverage, multi-asset margin (BTC, ETH, SOL, USDC, USDG, or DOGE), and 8-hour funding rate settlements.
X-Perps use a mark price (a calculated fair value) for liquidation checks and unrealised PnL calculations, which differ from the last traded price and is designed to reduce the impact of short-term price spikes on liquidation events. As of May 20, 2026, X-Perps lists a total of 15 pairs following today's expansion from 10 pairs at launch.Find more information on X-Perps here.
CTA: Unlock X-Perps
How do take-profit and stop-loss orders work on X-Perps?
On X-Perps, take-profit (TP) and stop-loss (SL) orders can be set directly in the order form before a trade is confirmed, so the platform manages the position automatically if the price hits the target or the limit. Traders can set TP/SL either by entering a specific price level or by percentage (for example, take profit at +10%, stop loss at -5%). Percentage-based inputs scale automatically with the entry price, removing the need to calculate exact price levels manually.
Take-profit (TP): the price or percentage gain at which the position closes automatically to lock in profit.
Stop-loss (SL): the price or percentage loss at which the position closes automatically to limit downside.
TP and SL orders can be updated or cancelled from the open orders panel at any time before they are triggered. If part of a position is closed manually, the TP and SL remain tied to the original size and must be adjusted separately in Active Orders.
Read our dedicated TP/SL article in our Learn section for further information.
Disclaimer:This content is provided for informational purposes only and may cover products that are not available in your region. It does not constitute investment or financial product advice, not it is a recommendation or solicitation to buy or sell financial instruments or to engage in any specific trading strategy.Trading in financial instruments involves a significant risk of loss and may not be suitable for all investors. If you invest in X-Perps or other derivatives you may lose some or all of the money you invest. X-Perps are leveraged instruments; leverage can amplify both gains and losses. The value of investments and any income derived from them can go down as well as up, and you may not recover the amount originally invested. Past performance is not a reliable indicator of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in any trading activity.
OKX Europe Markets Ltd ("OEM"), which is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta) as a Investment Services Licence Holder (Licence No. OEML-15905).© 2026 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2026 OKX and is used with permission.”Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2026 OKX. Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.
ִFrequently Asked Questions
X-Perps is available to eligible retail and professional clients in all 30 EEA countries who have completed identity verification with OKX Europe Markets Ltd ("OEM") and passed a mandatory appropriateness assessment, which OKX uses to confirm the product suits the trader's investment appetite. Users outside the EEA are not eligible.
No. Existing X-Perps users can trade any of the 5 new pairs launching on May 20, 2026 using their existing account and margin balance. No additional KYC, account registration, or fund transfer is required.
The X-Perps funding rate is a periodic payment exchanged between traders holding long and short positions. It is settled every 8 hours and its purpose is to keep the X-Perps contract price anchored to the underlying spot market price. When the contract trades above spot, the funding rate is typically positive and long positions pay short positions; when it trades below spot, short positions pay long positions
X-Perps have a fixed settlement date 5 years from the date the contract was issued. At settlement, all open positions are cash settled at the settlement price. Most active traders close their positions before this date.
No. X-Perps is a separate product distributed by OKX Europe Markets Ltd ("OEM") under Malta Financial Services Authority (MFSA) oversight and is available only to EEA-eligible users. OKX's global perpetual futures are a distinct product subject to different regulatory frameworks.
OKX's risk management system is designed to prevent accounts from going into a negative balance. If your margin falls below the maintenance level, your X-Perps position is liquidated automatically before your losses exceed your deposited margin. Losses can still be significant and can happen quickly, particularly at high leverage. Never trade with funds you cannot afford to lose.
