OKX · South Korea · New York · Tokenization · Bitcoin.com News
NYSE Owner ICE pairs with OKX to Launch Perpetual Oil Futures
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Intercontinental Exchange and crypto platform OKX are preparing to launch perpetual oil futures tied to Brent and WTI benchmarks.
Key facts
- OKX said the new contracts will provide its estimated 120 million users with access to globally recognized energy benchmarks
- OKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone
- Intercontinental Exchange and crypto platform OKX are preparing to launch perpetual oil futures tied to Brent and WTI benchmarks
- Under the arrangement, ICE’s benchmark pricing data for Brent crude and West Texas Intermediate (WTI) will underpin perpetual futures contracts offered through OKX, the companies announced
Summary
ICE and OKX will launch perpetual Brent and WTI oil futures using ICE benchmarks. OKX expands beyond crypto as perp trading spreads into commodities and TradFi markets. ICE and CFTC are increasing focus on crypto-linked derivatives and perpetual oversight. Intercontinental Exchange, the owner of the New York Stock Exchange, is partnering with crypto exchange OKX to introduce perpetual oil futures contracts, extending one of crypto ’s most popular trading instruments into global energy markets.