Stay informed with free updates
Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.
Crypto exchange OKX has been valued at $25bn following an investment by the owner of the New York Stock Exchange, as mainstream trading venues race to gain a foothold in the digital assets industry.
Intercontinental Exchange said on Thursday it had acquired a stake in OKX in a deal that will see it launch US-regulated futures contracts tied to the exchange’s crypto prices. The size of ICE’s stake was not disclosed.
Wall Street’s push into digital assets comes as traditional businesses seek to compete with crypto companies for trading in new markets and blockchain-based “tokenised” assets.
Jeffrey Sprecher, chair…
