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Stock impact report

Crypto exchange OKX valuation hits $25 billion after NYSE parent invests [Yahoo! Finance]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: Yahoo! Finance
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 investment follows ICE's recent stake in Polymarket,the world's largest ?prediction market. * Analysts say the crypto industry may have reached aninflection point that could mark the end of the bear marketafter U.S. President Donald Trump signaled ?support for ?theClarity Show less Read more
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