ICE Invests in OKX at $25 Billion Valuation

Intercontinental Exchange, the parent company of the New York Stock Exchange, announced a strategic investment in cryptocurrency exchange OKX on March 5, 2026, valuing the San Jose, California-based firm at $25 billion. The deal includes a minority equity stake for ICE and a seat on OKX's board, marking a significant bridge between traditional finance and digital assets.

The partnership extends beyond the investment, with OKX set to provide ICE with live cryptocurrency price feeds to enhance market data integration. In return, OKX plans to introduce tokenized versions of NYSE-listed stocks and derivatives for its more than 120 million users, a feature expected to launch in the second half of 2026 pending regulatory approval. This collaboration aims to enable seamless access to traditional financial products within the crypto ecosystem, allowing 24/7 trading, instant settlement, and stablecoin funding options.

The announcement triggered a sharp rally in OKB, OKX's native token, which surged more than 50 percent in a single day. Trading data showed OKB climbing from around $78 to highs of $124 before partially retreating to near $100, with daily volume spiking over 1,600 percent...