OKX · New York · Bitcoin Magazine
ICE and OKX Form Joint Venture to Connect NYSE Infrastructure With 120 Million Crypto Users
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◎ Multiple-sources
A new ICE-OKX joint venture creates a regulated bridge between traditional finance and crypto, giving OKX's 120 million users access to ICE futures markets and NYSE tokenized equities.
Key facts
- The JV will be co-chaired by ICE and former New York Governor Andrew Cuomo, who has worked with OKX since 2023
- The deal is the next step in a relationship that began in March, when ICE made a strategic investment in OKX at a $25 billion valuation and took a seat on the exchange’s board
- A new ICE-OKX joint venture creates a regulated bridge between traditional finance and crypto, giving OKX's 120 million users access to ICE futures markets and NYSE tokenized equities
- Its primary function will be to give OKX’s 120 million customers access to ICE futures markets and NYSE tokenized equities, bringing the plumbing of global capital markets into crypto-native trading
Summary
Intercontinental Exchange and OKX announced Monday the formation of a 50/50 joint venture designed to bridge regulated traditional market infrastructure with the global crypto trading ecosystem, a deal that puts the owner of the New York Stock Exchange in a direct operating partnership with one of the world’s largest crypto exchanges. The joint venture, subject to regulatory approvals, will operate as a U.S.-registered broker-dealer and futures commission merchant (FCM). Its primary function will be to give OKX’s 120 million customers access to ICE futures markets and NYSE tokenized equities, bringing the plumbing of global capital markets into crypto-native trading environments for the first time at this scale.