OKX adds 10 spot margin pairs in Europe as NEAR, ENA rally

OKX has added 10 USDC spot margin pairs for European customers, offering up to 10x leverage as NEAR and ENA gained 7.2% and 5.6%, respectively, over the past 24 hours. Summary OKX added USDC margin markets for HYPE, ZEC, LINK, ONDO, ENA, AAVE, NEAR, TRUMP, OKB, and BNB. Selected markets allow up to 10x leverage, with interest charged hourly on borrowed funds. NEAR led the listed tokens with a 7.2% daily gain, followed by ENA at 5.6%. All 10 pairs use USDC, whose reserves include cash and short-dated U.S. government debt. According to a Sept. 1 press release shared with crypto.news, the new markets expand OKX’s spot margin service for European customers, allowing eligible traders to take long or short positions across 10 additional tokens. The exchange added HYPE/USDC, ZEC/USDC, LINK/USDC, ONDO/USDC, ENA/USDC, AAVE/USDC, NEAR/USDC, TRUMP/USDC, OKB/USDC, and BNB/USDC. Availability may depend on the customer’s location and account eligibility under local rules. OKX spot margin adds 10 USDC markets Under the expanded service, customers can borrow assets against collateral and use the funds to open positions larger than their account balance. OKX said selected markets support leverage of up to 10x, although the available limit may differ by pair and user. Unlike a derivatives contract, a spot margin trade involves buying or selling the underlying asset with borrowed funds. A trader expecting a token to rise can borrow USDC to increase a purchase, while someone expecting a decline can borrow the token and sell it before attempting to repurchase it at a lower price. According to the exchange’s European margin guide, interest begins accruing once an order is filled and continues until the debt is repaid. Customer assets serve as collateral for loans supplied by other users. You might also like: OKX limits Claude access as AI spending hits $8M monthly OKX said its borrowing charges are calculated hourly and apply only to the amount borrowed. The company does not impose a separate fee for opening the margin position or a recurring rollover charge, though normal trading and liquidation fees can still apply. For Bitcoin, the exchange said borrowing rates begin at an annual percentage rate of 0.5%. Rates can vary by asset, customer tier, and market conditions, meaning the starting Bitcoin rate does not necessarily apply to each of the newly listed tokens. Using a hypothetical example, OKX estimated that a €1,000 Bitcoin position held at 5x leverage for seven days would generate €0.08 in borrowing costs at a constant 0.5% APR, excluding trading and liquidation fees and assuming no price movement. The company compared that amount with an unnamed platform charging a 0.02% opening fee and another 0.02% every four hours. Under OKX’s calculation, the same hypothetical position would cost €8.60 over one week on the competing platform.