OKX Adds X-Perps on Robinhood, Qualcomm, Coinbase, and Palantir Stock

OKX is listing four new contracts in its Equity X-Perps lineup: HOODUSD (Robinhood), QCOMUSD (Qualcomm), COINUSD (Coinbase), and PLTRUSD (Palantir), according to the exchange's official announcement. The listing rolls out in stages on July 27, from 10:00 to 10:45 UTC, 15 minutes apart per contract.

• X-Perps (Expiry Perps) is OKX's product for European traders, carrying a formal 5-year expiry date that in practice makes them indistinguishable from standard perpetual contracts for the vast majority of users.
• Unlike CFDs with opaque pricing, X-Perps operate under MiFID regulation and are available via web, mobile app, and API.
• The current stock and commodity X-Perps lineup offers up to 10x leverage, with round-the-clock trading not tied to traditional exchange hours.
• This expands an existing lineup: in June, OKX launched X-Perps on "Magnificent Seven" stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla), plus gold, silver, oil, and the SPY and QQQ indices.

The logic is straightforward: give traders exposure to a stock's price movement without opening a brokerage account or being limited to traditional market hours — settlement happens in stablecoins rather than the shares themselves, The Defiant explains. Three of the four tickers chosen today — Robinhood, Coinbase, and Palantir — are already closely tied to the crypto market as businesses, which makes the selection a logical extension of the exchange's strategy.

It's part of a broader trend of the line blurring between traditional exchanges and crypto platforms — earlier today we covered Robinhood's talks with Crypto.com to launch prediction markets, meaning the traffic is moving in both directions at once.

This article is for informational purposes only and does not constitute investment advice.