OKX valuation soars to $25 billion with ICE investment

OKX, a leading cryptocurrency exchange, has secured a valuation of $25 billion following a minority investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.

The investment highlights the increasing involvement of major Wall Street institutions in digital-asset infrastructure as cryptocurrency gains traction in mainstream finance. ICE will license OKX's spot crypto prices and launch U.S.-regulated futures contracts, while OKX will become a distributor of ICE's U.S. futures and tokenized equities markets to over 120 million people globally.

This strategic tie-up follows ICE's recent stake in Polymarket, the world's largest prediction market. Analysts suggest that the crypto industry may have reached an inflection point, potentially marking the end of the bear market following U.S. President Donald Trump's signal of support for the Clarity Act bill.