Key Highlights
- OKX Europe listed TRXUSD Expiry Perpetuals, giving users regulated access to trade TRX in 30 EEA countries.
- Traders can use up to 10x leverage to bet on TRX price moves without owning the token.
- TRON network activity is strong, with over $26 trillion in transfers and 382 million user accounts.
TRON DAO, the decentralized organization that governs the TRON blockchain, announced that TRXUSD Expiry Perpetuals (X-Perps) have been listed on OKX Europe Markets Ltd.
According to the official release, the listing brings regulated TRX derivatives trading to users across the European Economic Area (EEA).
A new TRX trading option in Europe
The TRXUSD X-Perp product is a type of crypto derivative. This means traders do not need to own TRX directly to trade it. Instead, they simply guess whether the price of TRX will go up or down.
The product is approved under MiFID rules, which are financial rules used in Europe to protect traders and make markets safer and more open. The product is reportedly available to both regular users and big traders in 30 countries in the European Economic Area (EEA).
How the product works
The product allows users to trade with up to 10x leverage. This means they can gain exposure to a larger position than their initial investment, though losses can also be magnified if the market moves against them.
The contract is designed like a perpetual trade, but it still has a fixed end date of five years, where everything is settled in cash. Even before that time, the price of the contract stays close to the real TRX price because of a funding system that balances buyers and sellers.
TRON’s network keeps growing
TRON’s native token, TRX, powers the ecosystem. It is used for payment, running decentralized apps on the blockchain, and can be used to make transfers of stablecoins. One of its biggest uses is USDT on TRON (TRC20), which is one of the most popular stablecoin systems in crypto because it is fast and cheap to use.
At the time of writing, the token was trading around $0.34, down 1.41% within the last 24 hours from an intraday low of $0.35. However, trading activity is up by 25%, pushing the volume to about $782 million, with its market cap at $32 billion.
Meanwhile, the ecosystem itself has been performing well lately. In the press release, TRON mentioned that it has processed more than $26 trillion in cumulative transfer volume and supports over 382 million user accounts.
The network also processes around 10 million daily transactions with its total value locked (TVL) on the network now sitting above $29 billion. In addition, data from DeFillama confirms that Tron now holds $90 billion in stablecoins, with USDT making up for 97.86% of the total.
Regulated crypto trading expands in Europe
OKX Europe said this new listing is part of its plan to grow regulated crypto trading in Europe. The goal is to give users safe and legal ways to trade digital assets. With TRXUSD X-Perp, traders can now bet on TRX price moves without actually buying TRX. This gives more options for different trading styles.
“Bringing regulated derivatives exposure to European markets marks an important step for the TRON ecosystem and the broader digital asset industry. This launch gives European users additional ways to engage with the TRON blockchain through a trusted and compliant trading platform,” said TRON founder Justin Sun.
The listing reflects the broader trend of crypto exchanges expanding regulated product offerings in Europe as the region continues to develop its digital asset regulatory framework.
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