ICE, OKX Set Up Crypto Joint Venture OKXICE
Summary
- Intercontinental Exchange (ICE) has established a joint venture called OKXICE with crypto trading platform OKX.
- The market views the partnership between a traditional financial-market infrastructure company and a global crypto trading platform as a signal that institutional capital is entering the digital-asset market more deeply.
- The partnership suggests ICE is reinforcing its digital-asset strategy.
Intercontinental Exchange Inc., the parent of the New York Stock Exchange, has set up a joint venture with crypto trading platform OKX, digital-asset media outlet BlockBeats reported.
On June 22, BlockBeats reported that ICE and OKX jointly established the venture, called OKXICE.
The partnership is drawing attention because it links a traditional financial-market infrastructure company with a global crypto trading platform. Market participants view the move as a sign that institutional capital is moving deeper into digital assets.
The two companies have yet to disclose the venture's specific business scope or operating plans, the report said.
ICE previously operated Bakkt, a crypto futures platform. Its partnership with OKX suggests the company is reinforcing its digital-asset strategy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
