A post by @okx on X.

OKX has issued a legal disclaimer clarifying that its pre-IPO X-Perps are leveraged derivatives rather than actual shares, warning that leverage can amplify losses and trigger liquidation. The exchange also noted that its tokenized stocks do not confer direct ownership, and that capital is at risk. The disclosure applies to OKX Europe Markets Limited, which is authorized and regulated by the Malta Financial Services Authority (MFSA). The notice matters as OKX expands its pre-IPO and tokenized-equity offerings in Europe, where regulators scrutinize how such products are marketed to retail users. Traders should watch for further clarifications on collateral and settlement terms for these products, and for how other exchanges frame similar disclosures.