European Traders Gain Access to Leveraged Spot on OKX
OKX has expanded its service suite in Europe with the introduction of spot margin trading. Users on the platform can now apply leverage of up to 10 times on trades for major cryptocurrencies including Bitcoin and Ethereum.
Spot margin trading allows for amplified exposure by letting users borrow capital from the exchange to execute larger trades than their own funds would allow. This contrasts with the direct purchase or sale of assets using one’s own balance.
As part of the offering, OKX will provide a “cross-margin mode.” This approach pools all assets in a user’s account to act as collateral for any leveraged position, a model that has grown in popularity across crypto exchanges.
The launch occurs roughly one year after the EU’s MiCA regulation took effect, creating a standardized rulebook for crypto businesses. Several regulated entities, such as Kraken and Bitpanda, already offer similar leveraged spot products within the bloc, typically capping leverage at 10x.
