OKX launched Pre-IPO X-Perps for eligible European users referencing OpenAI and Anthropic, allowing traders to take leveraged long or short positions on the private AI companies' implied valuations. The perpetual derivatives offer leverage of up to 10x but confer no ownership, voting rights or claim on future shares, and their prices track an OKX-maintained index rather than listed equity. OKX warned that prices can diverge materially from private funding-round valuations or any eventual IPO price, which may be delayed, cancelled or never occur. The exchange also introduced 100 tokenized stock and ETF markets for European users, including Nvidia, Alphabet, Palantir, SPY and QQQ. OKX said European X-Perps volume has quadrupled since early July, while an internal analysis found 49.6% of Stock X-Perps volume over the previous eight weeks traded outside US cash-market hours.