Intercontinental Exchange has taken a stake in the crypto trading platform OKX, valuing the company at 25 billion dollars. The operator of the New York Stock Exchange receives a seat on the board of directors of the crypto exchange as part of the transaction. The exact investment amount is not disclosed by either party. With this valuation, OKX significantly exceeds recently listed competitors Bullish and Gemini. The proprietary OKB token reacted immediately to the announcement and recorded a price increase of around 50 percent.

The partnership encompasses several operational components. ICE will henceforth license real-time price data for all cryptocurrencies listed on OKX and plans to introduce regulated futures contracts in the US…