Shiba Inu ($SHIB) has joined a contemporary batch of listings on OKX’s European X-Perps platform.
It provides eligible merchants entry to leveraged publicity to the favored meme cryptocurrency alongside a number of different crypto belongings and well-known U.S. equities.
The most recent additions embody crypto tokens AEON, Zilliqa (ZIL), GRVT, PROS and ESP, as effectively as tokenized publicity tied to conventional finance names such as Robinhood (HOOD), Palantir (PLTR), Qualcomm (QCOM) and Coinbase (COIN). The trade introduced that each one of the newly listed contracts are actually out there via its Easy Mode interface.
What are X-Perps?
X-Perps, brief for Expiry Perpetuals, are leveraged derivatives that mix traits of perpetual futures with a set expiration date.
Like conventional perpetual contracts, they use a funding price mechanism to maintain costs intently aligned with the underlying spot market whereas permitting merchants to take each lengthy and brief positions.
The merchandise supply as much as 10x leverage and assist multi-asset margin, enabling customers to submit Bitcoin, Ethereum, Solana, or supported stablecoins as collateral as an alternative of changing them right into a single settlement asset.
In keeping with the trade, the platform is designed for professional-grade execution. The merchandise can be found to eligible merchants in the European Financial Space via the trade’s MiFID-regulated entity.
The latest listings proceed the trade’s technique of broadening its X-Perps providing past cryptocurrencies by together with contracts tied to main publicly traded firms.
The platform goals to provide European merchants entry to a wider vary of leveraged devices via a single regulated venue.
$SHIB‘s sixth anniversary
The itemizing comes as the Shiba Inu ecosystem celebrates the token’s sixth anniversary.
In a message shared on X, the official $SHIB account described the venture as having grown “from zero to a world motion,” thanking holders, builders and group members for supporting one of crypto’s largest ecosystems.
The OKX trade has lengthy been an vital venue for $SHIB merchants. Its $SHIB/$USDT spot pair constantly ranks among the many token’s most actively traded markets by each day quantity, underscoring the asset’s sustained liquidity and international demand as it enters its seventh yr.
$SHIB‘s most actively traded spot pair stays $SHIB/$USDT, with KuCoin main at practically $21.7 million in 24-hour quantity. It’s adopted by Upbit’s $SHIB/KRW pair at roughly $10.5 million.
