Wall Street and Crypto Are Merging Again as OKX Rolls Out Traditional Oil Benchmarks
The launch gives 120 million OKX customers access to regulated oil benchmark products, linking crypto trading with ICE’s deep futures markets.
- On Friday, Intercontinental Exchange and OKX announced plans to launch perpetual futures based on Brent Crude and WTI Crude energy benchmarks, giving OKX's 120 million retail traders access to global oil markets.
- This collaboration follows a strategic relationship established in March 2026, during which ICE made a strategic investment valuing the San Jose, California-based OKX at $25 billion.
- Unlike traditional futures, these perpetual contracts never expire, eliminating the need for traders to take physical possession of oil barrels or manage contract rollovers to maintain positions.
- The launch targets a competitive market where Hyperliquid's oil futures have proven successful, consistently generating roughly $1.6 billion in daily trading volume and more than $1.3 billion in open interest.
- Commodity Futures Trading Commission Chair Michael Selig recently indicated he will soon bring perpetual products, currently mostly offered on offshore exchanges, under his agency's regulatory oversight.
26 Articles
26 Articles
OKX Partnership Brings Global Oil Benchmarks Into Crypto Markets
OKX and ICE are expanding their partnership with the launch of ICE Brent and ICE WTI perpetual futures on the crypto exchange, marking another step toward integrating traditional finance with blockchain-based trading infrastructure. The move highlights growing institutional interest in tokenized real-world assets and could accelerate the adoption of blockchain rails in global commodity markets.
Latest News ICE Brent and ICE WTI Perpetual Futures to Launch on OKX
Business Wire India OKX, a blockchain technology and trading company serving more than 120 million customers globally,and Intercontinental Exchange (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets including the New York Stock Exchange, today announced plans for OKX to launch perpetual futures based on ICE's Brent Crude and WTI Crude energy benchmarks. The products are e…
Hyperliquid Faces Perpetual Futures Test From OKX And NYSE’s Parent Company
Hyperliquid (HYPE) has been setting the pace in the perpetual futures market but that lead is facing a new test after OKX—along with Intercontinental Exchange (ICE) announced plans for OKX to introduce perpetual futures tied to major energy benchmarks from ICE, including Brent Crude and WTI Crude. New OKX Perpetuals In an official release, the […]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
