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TEXXR

Chronicles

The story behind the story

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NYSE parent company ICE invests in crypto exchange OKX at a $25B valuation, without sharing the investment's size or terms, and will take a seat on OKX's board

Fortune Ben Weiss

Discussion

  • OKX United States OKX United States on x
    A New Chapter: Building the Next Generation of Financial Infrastructure
  • @_stevenhl @_stevenhl on x
    It's interesting to see how TradFi values these crypto CEX's. Coinbase @ $55B OKX @ $25B Kraken @ $20B Meanwhile Hyperliquid is valued at $9B with 99% buybacks simply due to it being an onchain token that is harder to buy.
  • @alex_dreyfus Alexandre Dreyfus on x
    Glad to see @NYSE investing in @okx a @MFSAComm (Malta) regulated exchange in Europe. https://www.coindesk.com/...
  • @icobeast @icobeast on x
    Yesterday: News breaks about new $2bn A16Z Crypto fund Today: ICE invests in OKX at $25bn Yeah bros I don't think crypto is as dead as the timeline wants you to believe.
  • @fintechfrank Frank Chaparro on x
    ICE — the parent company of the NYSE — has invested in crypto exchange OKX at a $25B valuation as part of a broader push into blockchain-based equities infrastructure. Another sign traditional market operators are moving deeper into crypto rails.
  • @defiignas Ignas on x
    Glad to see OKB pumping on the news. Even if ICE investment leads to IPO, this means that markets are functioning as traders in crypto still look for trading opportunities: they haven't given up. I check token price after big news and when there's no pump on the news = bad for [i…
  • @andyyy Andy on x
    The most interesting part of this headline is the “push into blockchain-based stocks” as the reasoning for paying for a $25B valuation. We already know the NYSE is moving to 24/5, and eventually 24/7 trading, so perhaps OKX will play a larger part in that??? Yesterday it was [ima…
  • @okx @okx on x
    Today we announced a strategic relationship with Intercontinental Exchange (ICE). • ICE has made a direct investment in OKX and joining our Board of Directors • ICE will license OKX spot crypto prices to launch U.S.-regulated futures • OKX plans to provide access to ICE U.S. [ima…
  • @star_okx @star_okx on x
    A New Chapter: Building the Next Generation of Financial Infrastructure Our partnership with Intercontinental Exchange marks an important moment for OKX and for the broader evolution of digital asset markets. ICE has built and operated some of the most important financial
  • @splitcapital Zaheer on x
    These are announcement unfathomable a few years ago, especially in 2023...
  • @apompliano Anthony Pompliano on x
    This feels like a big deal. OKX and NYSE partner up to push into tokenized stocks. [image]
  • @icobeast @icobeast on x
    This matches my broader thesis for crypto btw Pretty sure we see more and more institutional money pile into useful crypto infra - it's literally inevitable to become the future financial plumbing of the world. Exchanges. Payment rails. Privacy. Financial (or otherwise) value
  • @lennixokx Lennix Lai on x
    Today marks a new chapter of OKX - and how the future of financial markets will be built. By joining forces with @ICE Intercontinental Exchange, the home of the @NYSE , we are going to connect the resilience of traditional market infrastructure with the possibilities of digital