Crypto exchange OKX has announced the European launch of its spot margin trading product. The feature grants qualified users the ability to trade with significant leverage, specifically up to 10x on pairs involving Bitcoin and Ethereum.
Through this service, traders can borrow funds from OKX to increase their buying or selling power on the spot market. It is a distinct activity from traditional, unleveraged spot trading conducted with a user’s own deposited funds.
The product includes a “cross-margin mode” option. This functionality permits a trader’s complete portfolio to be used as backing for their borrowed positions, consolidating collateral across holdings.
This strategic move aligns with the operational landscape shaped by the EU’s MiCA framework, which became active last year. OKX now enters a field of regulated competitors, including Bybit EU and Kraken, who also provide margin trading with similar leverage limits for European customers.
