Crypto exchange OKX rolls out spot margin trading in Europe, offering 10x leverage on BTC and ETH
OKX has launched spot margin trading in Europe, allowing users up to 10x leverage on BTC and ETH trades against USDC.Summary
Crypto exchange OKX has introduced spot margin trading across Europe, enabling users to trade with up to 10x leverage. This feature allows borrowing funds from the exchange to trade crypto assets on the spot market, contrasting with traditional spot trading. The rollout includes a "cross-margin mode," where the trader's entire portfolio acts as collateral. This move follows the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA) and aligns with other regulated platforms like Bitpanda, Bybit EU, and Kraken offering similar leveraged products. OKX Europe CEO Erald Ghoos stated that the launch reflects their commitment to providing secure and transparent tools to European customers. Initially, the service will support BTC and ETH margin trading pairs against USDC with the maximum 10x leverage.
(Source：The Block)