ICE and OKX launch Brent and WTI oil perpetual futures for 120M users.
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ICE and OKX launch Brent and WTI oil perpetual futures for 120M users. On 22 May 2026, Intercontinental Exchange (ICE) and OKX said they launched perpetual oil futures tied to ICE Brent and West Texas Intermediate (WTI) benchmarks. The products have no expiry date and are set to be offered to OKX's 120 million retail users in jurisdictions where the exchange holds the required licenses. The rollout follows ICE's March 2026 strategic equity investment in OKX at a $25 billion valuation. On 22 May 2026, Intercontinental Exchange (ICE), the operator behind the New York Stock Exchange, and crypto exchange OKX announced the release of perpetual oil futures referencing ICE's Brent crude and West Texas Intermediate (WTI) benchmark prices. The contracts do not have an expiration date and will be available to OKX's 120 million retail users in jurisdictions where the platform holds the necessary regulatory licenses. In March 2026, ICE made a strategic equity investment in OKX that valued the exchange at $25 billion and included a board seat. According to the article, the arrangement was framed as a two-way exchange: OKX gains access to ICE's oil benchmarks, while ICE's institutional clients get backend exposure to crypto-based futures infrastructure. The same description also said OKX users are expected to eventually be able to trade tokenized securities directly on the NYSE...
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