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Crypto exchange OKX valuation hits $25 billion after NYSE parent invests
- Intercontinental Exchange invested in OKX on Thursday with a minority stake valuing it at $25 billion and will take a seat on OKX's board.
- What began as a 30-minute chat in Atlanta last summer between Haider Rafique, OKX global managing partner, and Jeffrey Sprecher, ICE chairman, grew into a four-hour talk and due diligence amid ICE's push on tokenized trading infrastructure.
- ICE will license OKX's spot crypto prices and launch U.S.-regulated futures, while OKX will offer ICE futures, tokenized NYSE-listed stocks, derivatives, and clearing and multichain custody products.
- ICE said the deal will expand global retail access to regulated markets and accelerate on-chain infrastructure for U.S. investors, while OKX plans to relocate up to 2,000 employees after a $500 million DOJ settlement.
- ICE's move follows other institutional crypto bets such as backing Bakkt and Polymarket, while Citadel Securities' investment in Kraken and analysts like Haider Rafique signal an industry inflection point amid Clarity Act and Fed payments access.
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39 Articles
NYSE Owner Intercontinental Exchange Invests In OKX At $25B Valuation, Token Spikes 50% - Intercontinental Exchange (NYSE:ICE)
ICE buys stake in OKX at $25B valuation, OKB surges 50%. OKX's 120M users get access to ICE's US futures & tokenized equities markets. Importance Rank: 1
·New York, United States
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NYSE stock exchange operator partners with OKX to launch crypto futures and tokens
Intercontinental Exchange (ICE), the company that powers the New York Stock Exchange (NYSE) and other capital markets, has struck a strategic partnership with crypto platform OKX. The partnership will allow ICE to license OKX spot crypto prices and launch U.S.-regulated crypto futures contracts, and also allow OKX to begin distribution of those futures, in addition to tokenized equities. In all, it means that crypto-native users on the OKX plat…
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Total News Sources39
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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