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

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

ICE, which owns the New York Stock Exchange, operates some of the world's largest exchanges and market infrastructure businesses across the commodities, energy and financial markets.

Share

Add us on Google
by Vivian Nguyen

OKX and Intercontinental Exchange, owner of the New York Stock Exchange, said Friday they plan to launch perpetual futures contracts based on ICE’s Brent Crude and WTI Crude benchmarks. The products will be available in jurisdictions where OKX is licensed to offer perpetual futures trading.

The launch is the first fruit of a strategic partnership formed between the two firms in March 2026. Anchored by ICE’s established futures prices, the new contracts aim to extend regulated access to global energy markets to OKX’s customer base of 120 million retail traders worldwide.

Haider Rafique, Global Managing Partner at OKX, said in a statement that the new products are designed to connect traditional commodity markets with digital trading infrastructure and that the launch would allow retail traders to access those markets through regulated perpetual futures products.

“Oil markets are critical to the world economy. ICE’s Brent and WTI futures markets provide the benchmark prices that energy traders everywhere rely on. Bringing them into regulated perpetual futures is exactly the kind of bridge between traditional and digital markets that market participants have been asking for,” Rafique said. “This launch gives retail traders access to the world’s most important energy benchmarks in a regulated, transparent environment. That’s a meaningful step forward as we modernize money and markets.”

The launch comes as interest in tokenized finance, regulated crypto derivatives and real-world asset products continues to grow.

“These new OKX perpetual contracts, based on ICE’s deep, liquid, transparent, and global oil markets, allow OKX’s customer base of 120 million retail traders to access energy benchmark products,” Trabue Bland, Senior Vice President of Futures Exchanges at ICE, said.

OKB, OKX’s native token, surged about 2% to $83 following the announcement, CoinGecko data shows.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
MARKETS

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

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

ICE, which owns the New York Stock Exchange, operates some of the world's largest exchanges and market infrastructure businesses across the commodities, energy and financial markets.

by Vivian Nguyen

Share

Add us on Google

OKX and Intercontinental Exchange, owner of the New York Stock Exchange, said Friday they plan to launch perpetual futures contracts based on ICE’s Brent Crude and WTI Crude benchmarks. The products will be available in jurisdictions where OKX is licensed to offer perpetual futures trading.

The launch is the first fruit of a strategic partnership formed between the two firms in March 2026. Anchored by ICE’s established futures prices, the new contracts aim to extend regulated access to global energy markets to OKX’s customer base of 120 million retail traders worldwide.

Haider Rafique, Global Managing Partner at OKX, said in a statement that the new products are designed to connect traditional commodity markets with digital trading infrastructure and that the launch would allow retail traders to access those markets through regulated perpetual futures products.

“Oil markets are critical to the world economy. ICE’s Brent and WTI futures markets provide the benchmark prices that energy traders everywhere rely on. Bringing them into regulated perpetual futures is exactly the kind of bridge between traditional and digital markets that market participants have been asking for,” Rafique said. “This launch gives retail traders access to the world’s most important energy benchmarks in a regulated, transparent environment. That’s a meaningful step forward as we modernize money and markets.”

The launch comes as interest in tokenized finance, regulated crypto derivatives and real-world asset products continues to grow.

“These new OKX perpetual contracts, based on ICE’s deep, liquid, transparent, and global oil markets, allow OKX’s customer base of 120 million retail traders to access energy benchmark products,” Trabue Bland, Senior Vice President of Futures Exchanges at ICE, said.

OKB, OKX’s native token, surged about 2% to $83 following the announcement, CoinGecko data shows.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.