Q: What is X Drops Club? X Drops Club brings together token campaigns on OKX. Join a campaign and complete its trading or task requirements to qualify for rewards. Each campaign has its own eligibility rules, reward limits, and airdrop schedule, so check the campaign page before you join.Q: Where do X Drops Club rewards come from? Each campaign has a fixed amount of rewards.

What are Stocks, Oil, Gold and Silver X-Perps? A Stocks, Oil, Gold and Silver X-Perp is an expiry futures contract offered by us that tracks the price of an underlying asset, such as a US stock, ETF, or commodity, without transferring ownership of that asset. X-Perps are UM-margined, meaning positions are funded and settled in USD, USDC, or USDG.

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 do I check whether X-Perps are enabled for my account?

For how the product works end to end, see the OKX X-Perps guide. For how to open, manage and close a position, see How to trade X-Perps on OKX.How does X-Perps differ from spot trading? In spot trading, you buy or sell the actual asset (for example, BTC or ETH).

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.

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.

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.

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There are 13 X-Perp markets across three categories: seven US tech stocks (AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA), two ETFs (SPY, QQQ), and four commodities (GOLD, SILVER, WTIOIL, BRENTOIL), all as USD expiry futures.How is the OKX X-Perp price calculated? OKX constructs a proprietary Index Price for each X-Perp using multiple weighted sources.

Are OKX TradFi X-Perps the same as real stocks? No. OKX X-Perps are expiry future contracts that track the economic performance of an underlying share, ETF, or commodity reference. When you trade an X-Perp on AAPL, TSLA, or NVDA, you don't own Apple, Tesla, or Nvidia shares. You hold a derivative position linked to the price movement of the underlying share.Do I own the underlying share when I trade a TradFi X-Perp? No. X-Perps don't give you legal ownership of the underlying share.

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

See What's Selected MarginWhat is X-Perps in Simple mode? X-Perps in Simple mode is an interface for trading X-Perps (Expiry Perps) using the Simple mode layout already used for spot trading, instead of the full order-book screen used in Exchange mode. Both modes trade the same underlying contract, with the same leverage cap of up to 10x.

X-Perps in Simple mode live right there, no new screen to learn. OKX app trade menu with Trade X-Perps option2. Pick your market Choose the crypto, stock, commodity, or Exchange-Traded Fund (ETF) you want to trade. There are over 80 markets to choose from.3. Choose long or short Select Long if you think the price will rise, or Short if you think it'll fall. OKX X-Perps detail page with Position and Insights tabs4. Set your leverage Leverage starts at 3x by default.