 ▲ NYSE Operator Invests in OKX/Source: X |
Intercontinental Exchange (ICE), the operator of the New York Stock Exchange (NYSE), has invested in global cryptocurrency exchange OKX, recognizing the company’s valuation at $25 billion. The move is seen as a signal that traditional financial infrastructure and crypto trading platforms are beginning to merge in earnest.
According to investment-focused outlet FXStreet on March 5 (local time), ICE, the parent company of the NYSE, made a strategic investment in OKX, valuing the exchange at approximately $25 billion. As part of the deal, ICE will also join OKX’s board of directors.
The two companies will simultaneously pursue commercial collaboration. ICE plans to develop cryptocurrency futures products tailored to the U.S. regulatory environment using OKX’s spot crypto pricing data. In return, OKX will distribute ICE’s U.S. futures products and NYSE-based tokenized stocks through its global user network.
Star Xu, founder of OKX, explained that the partnership is not merely a technical experiment but part of building a global financial infrastructure. He stated that the initiative aims to improve market structure, strengthen risk management systems, expand institutional investors’ access to digital assets, and establish an innovative platform grounded in consumer protection.
The transaction is viewed as another example of the accelerating convergence between traditional finance and the digital asset market. The two firms plan to explore whether combining established exchange infrastructure with blockchain technology can help build a more efficient global financial market.
Following the announcement, OKX’s native token, OKB, rose despite broader market weakness. The price of OKB increased by about 20% within 24 hours of the announcement, drawing significant investor attention.
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