OKX Receives Strategic Investment from NYSE Parent Company

OKB, the native token of the OKX cryptocurrency exchange, experienced a notable increase in value after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested in the platform.

The investment, which values OKX at $25 billion, was made possible by a meeting between OKX executive Haider Rafique and NYSE chairman Jeffrey Sprecher last summer. As part of the partnership, ICE will receive crypto price feeds from OKX and plans to allow its users to trade tokenized stocks and derivatives listed on the NYSE.

OKB's value surged by around 50% after the announcement, reaching $118, with a corresponding increase in trading volume of over 1,000%. This development marks one of OKB's largest single-day price movements since its tokenomics upgrade. ICE has also made investments in other blockchain-related companies, including Polymarket and MoonPay.