Crypto exchange OKX valuation hits $25 billion after NYSE parent invests

Reuters

Thu, March 5, 2026 astatine 7:03 AM CST 2 min read

March 5 (Reuters) - OKX, 1 of the world's largest cryptocurrency exchanges, was valued astatine $25 cardinal aft it received a number concern ‌from Intercontinental Exchange, the NYSE genitor said connected Thursday.

The investment, which ‌values OKX good supra caller marketplace entrants Bullish and Gemini, underscores however large Wall Street ​institutions are racing to make digital-asset infrastructure arsenic crypto evolves into a cardinal conception of mainstream finance.

Some details astir the strategical tie-up:

* ICE volition licence OKX's spot crypto prices and launchU.S.-regulated futures contracts. * OKX volition go a distributor ‌of ICE's U.S. futures ⁠andtokenized equities markets to much than 120 cardinal peopleglobally. * The concern follows ICE's caller involvement successful Polymarket,the world's largest ⁠prediction market. * Analysts accidental the crypto manufacture whitethorn person reached aninflection constituent that could people the extremity of the carnivore marketafter U.S. President Donald Trump signaled ​support for ​theClarity Act measure connected Tuesday. * "There was ​a clip model to get ‌Clarity done. It's lookingmore and much challenging arsenic clip goes by and we get person tomidterms. Maybe we should person accepted the marketplace structurebill and past pushed amendments aboriginal on," OKX Global ManagingPartner Haider Rafique told Reuters. * OKX rival Kraken's banking portion became the archetypal U.S.digital-asset slope to summation ‌access to the Federal Reserve'spayments strategy done ​a limited-purpose relationship connected Wednesday,marking a large triumph ​for an manufacture that has ​for years soughtaccess to the Fed's trillions of dollars ‌of outgo rails. * "I deliberation it's precise ​likely we volition ​go successful that absorption inthe future, and I anticipation it doesn't instrumentality america six years to bash it,"Rafique said. * ICE, which was besides ​an aboriginal capitalist successful ‌Coinbase, willget a spot connected OKX board. The presumption of ​the concern were notdisclosed.

(Reporting by Ateev Bhandari and Arasu Kannagi Basil ​in Bengaluru; Editing by Shilpi Majumdar)