ICE, the parent company of the NYSE, has acquired a stake in cryptocurrency exchange OKX, valuing the latter at approximately $25 billion.

Huoxun Finance reported on March 5th that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced an investment in cryptocurrency exchange OKX. This round values OKX at approximately $25 billion, and ICE will also acquire a board seat. OKX will provide ICE with real-time cryptocurrency price data and plans to open trading of on-chain stocks and derivatives listed on the NYSE to its 120 million users starting in the second half of 2026. ICE previously announced the construction of its own blockchain-based tokenized securities trading infrastructure and invested in the prediction market platform Polymarket. OKX previously reached a $500 million settlement with the U.S. Department of Justice regarding unlicensed money transfers and restarted its operations in the U.S. this year, stating it will expand its team in the U.S. for the aforementioned new products.