Intercontinental Exchange (ICE) has made a strategic investment in crypto exchange OKX, as traditional market operators continue to explore closer links with digital asset platforms. 

The investment values OKX at $25 billion (£18.75 billion), although financial terms were not disclosed.

Alongside the investment, the two firms said they will establish a strategic relationship focused on areas including market structure design, clearing and risk management, market data and institutional access to digital assets.

ICE will take a seat on the company’s board as part of the agreement. 

The collaboration forms part of ICE’s broader efforts to expand its role in digital market infrastructure,…