Intercontinental Exchange (ICE), the parent company of the NYSE, announced a strategic investment in OKX valuing the crypto exchange at $25 billion. The deal also places ICE on OKX’s board, and the two companies will pursue a commercial partnership under which ICE will license OKX’s spot crypto pricing data to help develop US-regulated crypto futures contracts. OKX will distribute ICE’s US futures products and NYSE-tied tokenized equities to its global user base.
OKX founder Star Xu said the collaboration focuses on durable market infrastructure, risk management, and broader institutional access to digital assets. “Together we will explore how traditional exchange infrastructure and digital asset technology can complement each other to build stronger, more efficient markets,” Xu said. The move signals growing integration between traditional exchange operators and crypto platforms as regulators weigh new digital asset market structure rules. The partnership underscores a broader trend of convergence between traditional financial exchanges and crypto platforms, with potential implications for market access and product development as regulators assess future market structures.
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