Because the settlement date is so far in the future, X-Perps behave functionally like perpetuals for the vast majority of traders.How does X-Perps differ from standard perpetual futures?

Note: this article is for verified users trading X-Perps in the EEA region. This article explains how PnL (profit and loss) works in X-Perps, so you can understand what your account is showing and why your net result may differ from the raw price move. In X-Perps trading, PnL (profit and loss) is commonly shown in two forms: unrealized PnL and realized PnL.What's unrealized PnL in X-Perps? Unrealized PnL is the gain or loss in an open position based on current pricing.

The classification may affect certain regulatory protections, but the X-Perps product offering is identical for both.2. Do I need to complete KYC before the appropriateness assessment? Yes. You must complete identity verification (KYC) before you can access the appropriateness assessment or trade X-Perps. Important note: X-Perps are leveraged derivatives. Leverage can amplify both gains and losses, and losses may occur rapidly. These products may not be suitable for all investors.

If your X-Perps order was rejected, here's what to check. Rejections usually mean one or more trading, margin, or risk-control conditions were not met at the time of submission.

X-Perps supports multiple order types to help you manage entries, exits, and risk. The right order type depends on whether you prioritise speed, price control, or automation. Note: this article is for verified users trading X-Perps in the EEA region.What is a market order in X-Perps? A market order executes immediately at the best available price(s) in the market. Use when: execution speed matters more than exact price.

X Layer uses improved zk-SNARK for more compact and cost-effective transactions, and dramatically reduces transaction fees, making it affordable for users to engage with their digital assets. X Layer is Integrated with both OKX exchange and OKX Wallet. With McLaren NFT on X Layer, McLaren fans will be able to connect with over 50 million active crypto-native builders and creators on the X Layer and OKX platform, and have access to the gateway of web3 world.

This is subject to platform rules and your specific position setup.Why leverage matters in X-Perps? X-Perps are margin-based products.

Campaign Overview and Period The "450,000 XPL X-Drops Campaign" (the "Campaign") begins on December 17, 2025 (the "Start Date") and ends on December 23, 2025 (the "Campaign Period").

.; (vi) third-party blockchain service interruption or delay caused by its computer system being damaged, defective, or unable to normally perform; (vii) losses arising from technical problems that cannot be predicted or solved by existing technology in the industry; (viii) losses you or other third parties suffer that arise from the fault or delay of the third-party; (ix) losses you or other third parties suffer that arise from changes in laws, regulations, and/or government orders; and/or (x) losses

One of the key features of X-Perps is multi-asset margin. You can use your existing crypto holdings as margin — putting your crypto to work without needing to sell it or hold cash separately. Note: this article is for verified users trading X-Perps in the EEA region.What assets are supported as margin for X-Perps? X-Perps on OKX supports multi-asset margin.

This guide explains how to trade X-Perps (Expiry Perps) on OKX.

August 18, 2025, 2:00 PM (UTC+8) The OKB smart contract will be upgraded to remove minting and burning functions.FAQWhat's X Layer? X Layer is a public blockchain, decentralized public blockchain launched by OKX. It isn't a sub-chain or dedicated chain of the OKX exchange. Anyone can deploy projects on X Layer. OKX doesn't endorse, guarantee, or take responsibility for any third-party projects deployed on X Layer. Using decentralized public blockchain projects involves risks.

When trading X-Perps, your position requires margin.What's isolated margin? With isolated margin, the margin assigned to a position is separated from the rest of your account balance.

This article covers the main cost components in X-Perps trading for verified EEA users, including trading fees, funding payments, and execution-related effects. Note: this article is for verified users trading X-Perps in the EEA region. X-Perps trading can involve more than one cost component. Understanding the full cost picture helps you evaluate your results more accurately. Your net PnL is not always equal to the raw market move from entry to exit.

How does tax treatment apply to X-Perps? Tax treatment of X-Perps trading can vary by country and individual circumstances. This includes how gains, losses, fees, funding payments, and other transaction details may be classified for reporting purposes. Because rules differ across EEA jurisdictions and may change over time, there is no single approach that applies to all users.What you may need to track and report?