Mentioned:
Intercontinental Exchange believes in crypto. Which is exactly why they are taking an ownership stake in one of the world’s largest digital asset exchanges.
What’s happening:
- Intercontinental Exchange (NYSE: ICE) has made a strategic investment into digital asset exchange OKX
By the numbers:
- The new investment from Intercontinental Exchange values OKX at approximately $25B USD
Why it matters:
- Intercontinental Exchange’s investment into OKX is a part of a new partnership in which Intercontinental Exchange will license OKX spot crypto prices and launch regulated crypto futures contracts in the United States
Going deeper:
- OKX is one of the single largest crypto trading platforms in the world and has more than 120M individual users globally
- OKX will also distribute Intercontinental Exchange’s futures markets on their exchange and will collaborate with Intercontinental Exchange to eventually launch tokenized stocks to users of OKX
The intrigue:
- Intercontinental Exchange is the parent company of the New York Stock Exchange who previously made major waves when they publicly stated they have begun developing a new platform for tokenized stocks and securities
