OKX Debuts Spot Margin Trading for European Crypto Investors

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Crypto exchange OKX has launched spot margin trading for its European users, a feature permitting up to 10x leverage on trades involving assets like Bitcoin and Ethereum. The announcement was made on Tuesday.

This functionality enables traders to amplify their market positions by borrowing funds from the exchange to buy or sell crypto on the spot market. It diverges from standard spot trading, where participants use only their own capital.

The newly introduced service will include a “cross-margin mode.” This increasingly common feature allows a trader’s entire portfolio to serve as collateral for leveraged positions, providing flexibility in managing risk.

The rollout follows the implementation of the European Union’s Markets in Crypto-Assets Regulation (MiCA), which established a comprehensive regulatory framework for the industry. OKX joins other MiCA-compliant platforms like Bitpanda, Bybit EU, and Kraken in offering leveraged spot trading, with leverage caps often set at 10x.