NYSE-owner ICE forges strategic partnership with crypto exchange OKX
CoinDesk
ICE and OKX announced a strategic partnership involving product launches, data licensing, and a $25 billion valuation investment by ICE in OKX.Summary
Intercontinental Exchange (ICE), the owner of the NYSE, has entered into a strategic partnership with cryptocurrency exchange OKX. This collaboration involves ICE licensing OKX's spot crypto prices to develop crypto futures products, while OKX will offer ICE futures and tokenized equities to its U.S. customers. ICE also made a strategic investment in OKX, reflecting a $25 billion valuation, and will gain a board seat on OKX's board of directors. The joint venture aims to leverage OKX's blockchain infrastructure with ICE's market technology to advance clearing, risk management, custody solutions, and bridge digital assets with equities, meeting institutional standards for compliance.
(Source：CoinDesk)