ICE and OKX Form $25B-Valued JV to Serve 120M Users
COIN•Intercontinental Exchange and OKX formed OKXICE, a 50-50 venture based on OKX’s $25B valuation, aiming to register as a U.S. broker-dealer and FCM to give 120 million OKX users access to ICE futures and tokenized-equities markets. Coinbase expanded its platform to offer pre-IPO trading in OpenAI and Anthropic shares, diversifying beyond crypto.
1. ICE and OKX Announce OKXICE Joint Venture
Intercontinental Exchange and OKX will form OKXICE, a 50-50 joint venture reflecting OKX’s $25 billion valuation. The partnership is designed to integrate OKX’s 120 million customers with ICE’s futures and tokenized-equities markets via a unified trading platform.
2. Regulatory and Infrastructure Plans
OKXICE aims to register as a U.S. broker-dealer and futures commission merchant, enabling it to accept retail and institutional orders and handle margin requirements. Leadership will be shared by Andrew M. Cuomo as co-chair and Trabue Bland, ICE’s Senior Vice President of Futures Exchanges.
3. Coinbase Expands Pre-IPO Trading
Coinbase has launched pre-IPO trading for shares of OpenAI and Anthropic, allowing users to access high-profile technology offerings before public listings. This initiative marks a strategic diversification beyond cryptocurrency trading into broader capital markets infrastructure.
