ICE, OKX team up to bring oil benchmarks to 120 million crypto traders

Intercontinental Exchange (ICE), the operator of the New York Stock Exchange and a major player in commodities and energy markets, has partnered with cryptocurrency exchange OKX to bring oil benchmarks to its 120 million retail traders. The collaboration will introduce perpetual futures contracts tied to ICE’s Brent Crude and WTI Crude benchmarks, offering regulated access to global energy markets through OKX’s platform. The announcement marks the first major outcome of a strategic partnership formed in March 2026, with ICE investing directly in OKX and joining its Board of Directors. Under the agreement, OKX will license ICE’s spot crypto prices to launch U.S.-regulated futures products, bridging traditional commodity markets with digital trading infrastructure. The contracts will be available in jurisdictions where OKX holds the necessary licensing for perpetual futures trading. Haider Rafique, Global Managing Partner at OKX, stated that the new products aim to connect traditional energy markets with digital trading, allowing retail traders to access regulated perpetual futures based on ICE’s benchmark prices. Trabue Bland, Senior Vice President of Futures Exchanges at ICE, emphasized that the contracts provide OKX’s customer base with exposure to liquid, transparent, and globally recognized oil markets. The launch aligns with growing interest in tokenized finance and regulated crypto derivatives, expanding access to real-world assets for retail traders. Following the announcement, OKB, OKX’s native token, rose approximately 2% to $83, according to CoinGecko data. The partnership underscores efforts to modernize financial markets by integrating traditional benchmarks with digital trading platforms.