Intercontinental Exchange, the parent company of the New York Stock Exchange, invested in crypto exchange OKX at a $25 billion valuation, sending the OKB token up nearly 50%.
OKB, the native token of the OKX exchange, surged nearly 50% after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, reportedly invested in OKX at a $25 billion valuation.
OKB jumped from around $77 to over $114 on March 5, 2026, as news broke that ICE had taken a stake in OKX. Trading volume surged more than 160%, with $129 million changing hands in 24 hours. The token added roughly $750 million to its market capitalization during the rally.
The investment values OKX at $25 billion, a figure that reflects its position as one of the largest cryptocurrency exchanges globally. OKX processes over $2.95 billion in daily spot volume and $32.37 billion in derivatives volume, ranking among the top five global exchanges.
The deal signals a deepening connection between traditional finance and crypto markets. ICE operates the NYSE, one of the most established financial institutions in the world, and its investment in a crypto-native exchange marks a significant vote of confidence in the sector.
As part of the arrangement, OKX plans to give its 120 million global users access to ICE's U.S. futures products and tokenized equities tied to NYSE-listed stocks. Tokenized stock trading on the platform could go live in the second half of 2026, pending regulatory approval. OKB's limited supply of 21 million tokens, mirroring Bitcoin's cap, amplified the price impact as relatively small increases in buying pressure led to outsized moves.
The tokenized equity rollout timeline remains dependent on regulatory approval and could shift. Meanwhile, OKB has given back some gains on March 6, with the token trading around $98 as early momentum fades. Traders will be watching whether the $100 level holds as support after the initial spike.
ICE's investment in OKX represents one of the largest traditional finance commitments to a crypto exchange. The partnership could reshape how millions of users access both crypto and traditional markets. This is a developing story.
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