Who can access X-Perps in the EEA?

Regional availability and eligibility

X-Perps are available across all 30 EEA countries. However, your ability to access them depends on a few factors:

• Identity verification status (KYC)

• Completion of the appropriateness assessment

• Any account-level restrictions or compliance checks

Appropriateness assessment

Before you can trade X-Perps, you must complete an appropriateness assessment. This is a regulatory requirement under MiFID rules, designed to help you understand the risks involved in trading leveraged derivative products before you begin. If you don't pass the assessment, you'll need to wait a period of time before you can retake it.

Based on the assessment, you'll be classified as either retail or professional. The product offering is identical for both classifications.

What does the assessment cover?

The appropriateness assessment evaluates your understanding of leveraged derivatives, including how they work and the risks involved. It's a one-time process that you complete within OKX before gaining access to X-Perps.

Why availability may vary?

X-Perps are complex, leveraged products and may be subject to different rollout timelines, compliance requirements, or operational conditions depending on your region. This means access may not be enabled at the same time in every EEA country, even though all 30 are supported.

How to check your current status?

The most reliable way to confirm your eligibility is through the OKX app or web platform, where you can typically see:

• Whether X-Perps are available for your account

• Prompts for any required setup steps, including the appropriateness assessment

• Applicable notices or restrictions

FAQ

1. Is the appropriateness assessment the same for retail and professional users?

Yes. Both retail and professional users complete the same assessment. 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.

OKX Europe Markets Limited is authorised and regulated by the Malta Financial Services Authority under the Investment Services Act.

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