OKX, a leading crypto marketplace that also offers access to more traditional securities, says it will list SpaceX Perpetuals for European investors on the day SpaceX is scheduled to go public under the ticker SPCX.
According to a note from the firm, retail investors in Europe will be able to gain exposure to SpaceX by going long or short using perps.
The SpaceX perpetuals will be tradable 24/7 with up to 10X leverage. The company reports that X-Perps trading volume on OKX has grown by 447% since May
Perpetuals in general can be highly risky assets as the downside and upside is unlimited and priced mark to market.
Erald Ghoos, CEO of OKX Europe, says, “regulated, long or short, 24/7, one account. That’s what X-Perps delivers.”
“European traders have been waiting for a moment like this. SpaceX’s IPO is going live and so are we,”
OKX states that these “X-perps” are MiFID regulated with a five-year expiration. The platform is also approved under MiCA.
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