NYSE's parent company, ICE, invests in crypto exchange, OKX, at $25B valuation
- Tokenization Insight
- Mar 5
- 1 min read
Updated: Jun 8
The NYSE's parent company, Intercontinental Exchange Inc, is investing in OKX in a deal that values the cryptocurrency exchange operator at $25 billion.
Source: Bloomberg
➡️ Why this matters
Crypto exchange is the single most proven and biggest fee generating business in digital assets. By NOT participating in it, traditional exchanges such as NYSE is giving up $100B+ in revenue a year.
OKX is a major player in that space. It ranks top 10 for spot and No.2 for derivatives business in crypto. Acquiring a direct stake gives ICE a strong foothold in a fast growing space.
With NYSE exploring tokenized equities while OKX operates large-scale crypto spot and derivatives markets, ICE is effectively hedging its future across both financial rails.
If tokenized securities and crypto-native markets converge, ICE now has strategic exposure on both sides of the market.
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