OKX has launched CPUSDT spot trading on September 2, featuring CP from the Open Protocol Foundation, focused on unified AI infrastructure on Base. According to the latest announcement, the asset is part of the Open Protocol Foundation, described as a unified AI infrastructure platform operating on the Base blockchain. The CPUSDT trading pair became available for spot trading starting at 2:30 PM on September 2 (UTC). No further details regarding trading conditions or additional features were provided in the post.
OKX has launched X-Perps, a new MiFID-regulated Bitcoin futures contract, for European traders through its partnership with TradingView. According to the latest announcement, these expiry perps offer up to 10x leverage with 24/7 trading and a 28 March 2031 expiry. The contracts track a multi-exchange Bitcoin index and provide negative balance protection, allowing traders to profit from both Bitcoin's upside and downside movements without owning the underlying asset. As reported by OKX, the contracts are USD-margined, cash-settled with 0.01 BTC size and feature funding every 8 hours to keep prices anchored to spot. The platform also offers other major assets including SPCX (SpaceX), SPY & QQQ, Gold, Silver, WTI & Brent, plus BTC, ETH, SOL, XRP and more.
OKX has significantly expanded its spot margin trading services for European customers by adding 10 USDC-quoted pairs with up to 10x leverage. According to the exchange's September 1 press release, the new markets include HYPE/USDC, ZEC/USDC, LINK/USDC, ONDO/USDC, ENA/USDC, AAVE/USDC, NEAR/USDC, TRUMP/USDC, OKB/USDC, and BNB/USDC. The service allows eligible traders to borrow assets against collateral and take positions larger than their account balance, with interest charged hourly on borrowed funds. As reported by crypto.news, availability depends on customer location and account eligibility under local regulations.
CoinGecko data revealed strong performance across the newly supported tokens, with NEAR leading gains at 7.2% to reach $2.01 on approximately $299.8 million in daily trading volume. ENA followed with a 5.6% advance to $0.1610, supported by about $629.2 million in 24-hour volume. Other notable performers included AAVE gaining 2.7% to $127.59, ZEC climbing 1.6% to $855.22, and HYPE rising 1.5% to $83.33 with roughly $1.43 billion in daily volume. Three tokens declined, with BNB falling 0.4% to $686.29, OKB losing 0.5% to $110.92, and TRUMP dropping 0.8% to $2.39.
All 10 new pairs are quoted against USDC, the dollar-backed stablecoin that serves as the centerpiece of OKX's European expansion strategy. As reported by crypto.news, OKX had previously introduced a conversion mechanism for European customers to deposit USDT and convert it into USDC across 30 European Union and European Economic Area countries. Circle, the U.S.-based issuer of USDC, states the stablecoin is redeemable one-for-one for U.S. dollars and backed by highly liquid cash and cash-equivalent assets, with most reserves held in the Circle Reserve Fund managed by BlackRock. The company provides monthly third-party reserve assurances and daily portfolio reporting through Bank of New York Mellon as custodian.
OKX is implementing stricter anti-money laundering measures targeting gambling-linked crypto deposits, with CEO Star Xu announcing that deposits from high-risk addresses can now trigger 15-day AML reviews. During this review window, account functions and funds may be restricted, and OKX will cut off users entirely if their activity is confirmed illicit. Xu specifically flagged transactions tied to guaranteed escrow services run through Telegram groups and the Huiwang network, noting that funds obtained through these channels carry higher source-of-funds risks. The CEO warned that accounts confirmed to be connected to high-risk or illegal activity may have their services terminated, with reviews potentially extending beyond the initial 15-day period depending on the circumstances of each case. This crackdown follows CertiK findings that AML enforcement now outranks securities cases as crypto's top regulatory risk, with OKX itself paying more than $500 million in AML-related penalties in the United States last year.
The expansion comes amid evolving regulatory landscape for European cryptocurrency platforms. OKX Europe Markets Limited is authorised and regulated by the Malta Financial Services Authority under the Investment Services Act, while OKX Europe Limited is authorised as a Crypto-Asset Services Provider under MiCA. The regional competition changed after some rival platforms faced licensing limits, with Binance customers in France retaining withdrawal access but losing trading access after the exchange did not secure approval before the applicable MiCA deadline. The company's September 1 announcement applies specifically to European customers and does not extend to U.S. accounts, with initial borrowing limits, liquidity levels, and asset-specific APRs remaining undisclosed.
