Major Crypto Exchange OKX Reaches $25B Value After NYSE Parent Company Investment

Cryptocurrency exchange OKX has achieved a $25 billion valuation following a minority investment from Intercontinental Exchange, the company that owns the New York Stock Exchange. The partnership will allow both companies to expand their digital asset services as Wall Street continues embracing cryptocurrency infrastructure.

A leading cryptocurrency trading platform has reached a massive $25 billion valuation after securing investment from the parent company of the New York Stock Exchange, according to an announcement Thursday.

OKX, which ranks among the world’s top cryptocurrency exchanges, received the minority investment from Intercontinental Exchange (ICE), demonstrating how established Wall Street firms are rapidly building digital currency capabilities as cryptocurrencies become increasingly integrated into traditional finance.

The partnership includes several strategic components that will benefit both organizations. ICE plans to license cryptocurrency pricing data from OKX and create federally regulated futures contracts based on that information. Meanwhile, OKX will distribute ICE’s U.S. futures and tokenized equity markets to its global user base of over 120 million people.

This investment represents ICE’s continued expansion into digital assets, following its recent stake in Polymarket, currently the world’s biggest prediction market platform. The company previously invested early in Coinbase, another major cryptocurrency exchange.

Industry experts suggest the cryptocurrency sector may be approaching a significant turning point that could signal the end of the recent market downturn, particularly after President Donald Trump expressed support for the Clarity Act legislation earlier this week.

However, OKX Global Managing Partner Haider Rafique expressed some concerns about regulatory timing. “There was a time window to get Clarity done. It’s looking more and more challenging as time goes by and we get closer to midterms. Maybe we should have accepted the market structure bill and then pushed amendments later on,” Rafique told Reuters.

The cryptocurrency industry achieved another milestone this week when rival exchange Kraken’s banking division became the first U.S. digital asset bank to access the Federal Reserve’s payment system through a limited-purpose account. This development marks a significant victory for an industry that has spent years seeking access to the Fed’s extensive payment infrastructure.

Rafique indicated OKX may pursue similar banking capabilities in the future. “I think it’s very likely we will go in that direction in the future, and I hope it doesn’t take us six years to do it,” he said.

The OKX valuation significantly exceeds recent market newcomers Bullish and Gemini, highlighting the premium investors place on established cryptocurrency platforms. As part of the agreement, ICE will receive a board seat at OKX, though financial terms of the investment were not disclosed.