ICE Partners with OKX to Launch Oil-Linked Perpetual Futures

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is expanding its reach into the cryptocurrency market through a new partnership with OKX. As part of this collaboration, OKX will launch oil-linked perpetual futures based on ICE's Brent crude and West Texas Intermediate (WTI) crude benchmarks.

The oil-linked perpetual futures will allow traders to bet on the price movement of these benchmark oils without actually buying them. This product is expected to cater to retail traders, providing them with a regulated and transparent environment to access energy benchmarks.

The partnership between ICE and OKX marks a significant step in the growth of decentralized derivatives trading. With this move, OKX customers will have access to a new range of products that are backed by one of the world's most reputable oil price indicators.