ICE Invests in OKX at $25 Billion Valuation, Expanding Crypto Footprint

Intercontinental Exchange Inc., the parent company of the New York Stock Exchange (NYSE), has made a significant investment in OKX, a leading cryptocurrency exchange. The deal values OKX at $25 billion and will see ICE taking a board seat. This move marks the latest development in the rapidly evolving landscape of digital assets.

The partnership between ICE and OKX is expected to bring numerous benefits to users of both platforms. For OKX's 120 million users, access will be granted to ICE's US futures and tokenized equities markets, with rollout anticipated for the second half of 2026. In turn, ICE will license OKX's spot crypto prices to launch U.S.-regulated crypto futures contracts.

This investment marks ICE's third major move into the cryptocurrency space in under six months. The company has previously invested $2 billion in Polymarket and announced plans for blockchain-based trading infrastructure for tokenized securities. Other major players, including Nasdaq and Citadel Securities, have also made significant investments in the sector.