March 5 (Reuters) – OKX, one of the world’s largest cryptocurrency exchanges, was valued at $25 billion after it received a minority investment ‌from Intercontinental Exchange, the NYSE parent said on Thursday.

The investment, which ‌values OKX well above recent market entrants Bullish and Gemini, underscores how major Wall Street ​institutions are racing to develop digital-asset infrastructure as crypto evolves into a key segment of mainstream finance.

Some details about the strategic tie-up:

* ICE will license OKX’s spot crypto prices and launchU.S.-regulated futures contracts. * OKX will become a distributor ‌of ICE’s U.S. futures ⁠andtokenized equities markets to more than 120 million peopleglobally. * The…