OKB jumps 50% as NYSE owner Intercontinental Exchange backs OKX at $25B valuation
OKB, the native token of crypto exchange OKX, jumped around 50% today following news that Intercontinental Exchange, the publicly traded parent company of the New York Stock Exchange, made a strategic investment in the platform, Fortune reported.
CoinMarketCap data shows that OKB rose from $78 to roughly $118 shortly after the announcement. The token’s 24-hour trading volume also spiked by more than 1,000%.
The jump represents one of OKB’s biggest single-day moves since the token soared 170% on its tokenomics upgrade.
The deal, which reportedly resulted from a meeting last summer between OKX executive Haider Rafique and NYSE chairman Jeffrey Sprecher, values the exchange at $25 billion and includes a board seat for the trading giant.
Under the partnership, OKX will provide ICE with crypto price feeds and plans to allow its users to trade tokenized stocks and derivatives listed on the NYSE, a feature expected to launch in the second half of 2026. Financial terms of the investment were not disclosed.
The move reflects growing efforts by traditional financial firms to expand into blockchain-based markets.
ICE has invested in the prediction market Polymarket and is building an infrastructure for tokenized securities. MoonPay, a crypto payments company, is also under consideration for an investment by the Wall Street giant, Bloomberg said last December.
Meanwhile, OKX is seeking to expand its US presence following a recent settlement with the Department of Justice.
