Intercontinental Exchange Partners With Crypto Exchange OKX To Operate as US Broker Dealer; Andrew Cuomo To Co-Chair Joint Venture – Crypto News – Crypto News
Connect with us
Intercontinental Exchange Partners With Crypto Exchange OKX To Operate as US Broker Dealer; Andrew Cuomo To Co-Chair Joint Venture Intercontinental Exchange Partners With Crypto Exchange OKX To Operate as US Broker Dealer; Andrew Cuomo To Co-Chair Joint Venture

others

Intercontinental Exchange Partners With Crypto Exchange OKX To Operate as US Broker Dealer; Andrew Cuomo To Co-Chair Joint Venture – Crypto News

Published

1 week ago

on

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and crypto exchange OKX have launched a joint venture that will operate as a US-regulated broker dealer and futures commission merchant.

Former New York Governor Andrew Cuomo will co-chair the venture.

The venture will let OKX’s US and international customers access ICE futures contracts and the New York Stock Exchange’s planned tokenized equities markets.

Cuomo will share the chair role with Trabue Bland, ICE’s senior vice president of futures exchanges.

He has advised OKX on policy matters since 2022, including during the exchange’s $504 million settlement with the Department of Justice over anti-money-laundering violations, according to Bloomberg.

According to Cuomo:

“The next chapter of financial markets will be defined by how well innovation and government regulation can move forward together. This partnership brings together OKX’s world-class blockchain technology and ICE’s trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future.”

According to Bland:

“ICE’s global benchmarks and regulated market technology have earned the trust of institutions and traders everywhere and now, through our partnership with OKX, we are working towards extending that reach to OKX’s 120 million retail traders.”

The joint venture builds on ICE’s $25 billion strategic investment in OKX announced in March, part of a broader push into crypto infrastructure that has included ICE’s roughly $2 billion investment in prediction market Polymarket and its participation in stablecoin platform Circle’s $222 million Arc presale alongside BlackRock and Apollo.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Related Topics:
Continue Reading

Trending