Spot Margin Trading Goes Live on OKX for European Users

OKX has activated spot margin trading for its European clientele, a service that supports leveraged trading with a multiplier of up to 10 times on certain crypto assets. The exchange confirmed the rollout in a Tuesday announcement.

The mechanism of spot margin trading involves users taking a loan from the exchange to enter larger positions on the spot market. This differs fundamentally from executing trades solely with one’s existing capital.

OKX’s implementation will feature a cross-margin system. Under this mode, the total value of a user’s account can be pledged as security to support their leveraged trading activity, offering a different risk management approach.

The introduction comes approximately twelve months after the EU’s landmark MiCA regulation came into force, providing legal clarity for digital asset services. Other platforms operating under this regime, like Kraken and Bitpanda, have previously launched comparable leveraged spot offerings with maximum leverage of 10x.