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ICE Values OKX at $25B in Strategic Tokenized Markets Deal

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Intercontinental Exchange valued OKX at 25 billion dollars through a new strategic partnership.
  • ICE secured a board seat in OKX as part of the agreement.
  • The companies will explore tokenized equities linked to New York Stock Exchange listings.
  • ICE will license OKX spot crypto price data for regulated U.S. futures products.
  • OKX will provide its 120 million users access to ICE U.S. futures markets.

Intercontinental Exchange has valued crypto exchange OKX at $25 billion in a new partnership. The New York Stock Exchange owner also secured a board seat in the deal. Both companies will collaborate on tokenized stocks and regulated crypto futures.

ICE announced the agreement through a formal press release on Thursday. It did not disclose the financial terms of its strategic investment.

However, ICE confirmed it valued OKX at $25 billion. The San Jose-based company operates a global cryptocurrency trading platform.

The agreement expands ICE’s digital asset strategy across multiple markets. It also strengthens ties between traditional exchanges and crypto firms.

ICE Expands Digital Asset Strategy

ICE will license OKX’s spot cryptocurrency price data for U.S. futures products. In return, OKX will provide access to ICE’s regulated futures markets.

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The companies said they will explore tokenized equities tied to NYSE listings. They will also study derivatives linked to listed securities.

Jeffrey C. Sprecher, ICE chair and CEO, addressed the partnership in a statement. He said, “Our strategic relationship with OKX will expand global retail access to ICE’s pre-eminent regulated markets.”

He added that the partnership will accelerate plans for on-chain infrastructure. ICE aims to offer tokenized assets to U.S. investors.

ICE will also gain representation on OKX’s board of directors. The companies plan cooperation on clearing and risk management services.

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They will work on multichain custody systems and wallet architecture. Both firms operate high-performance matching engines and transparent order books.

OKX and Market Reaction

Star Xu, founder and CEO of OKX, welcomed the collaboration. He said the partnership will help build a reliable market structure.

Xu stated that the firms will bridge digital assets and equities. He added that the venture will strengthen cross-market price formation.

OKX’s native token, OKB, surged after the announcement. The token rose as much as 58% within one hour.

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It later pulled back and traded near $96. Earlier, it reached a high of $120 following the news.

Bakkt, another ICE-backed digital asset firm, also saw market movement. Its NYSE-listed shares rose 0.74% in early New York trading.

ICE has invested in digital asset platforms in recent years. It previously backed Bakkt and invested $2 billion in Polymarket.

The companies confirmed they will continue regulatory discussions. They said any new products will depend on regulatory support.

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OKX serves about 120 million users worldwide. ICE operates major regulated exchanges, including the New York Stock Exchange.

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Crypto World

WhiteBIT Coin ($WBT) Officially Listed on Kraken Exchange, Highlighting Its Growing Recognition

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WhiteBIT Coin ($WBT) Officially Listed on Kraken Exchange, Highlighting Its Growing Recognition

[PRESS RELEASE – Vilnius, Lithuania, March 5th, 2026]

WhiteBIT, the largest European cryptocurrency exchange by traffic, announces that its native WhiteBIT Coin (WBT) is now trading on Kraken, one of the world’s long-standing crypto platforms. WBT trading is available on WBT/EUR and WBT/USD pairs, giving more traders worldwide access to the coin and reflecting the asset’s growing recognition in the market.

The listing marks a significant milestone for WhiteBIT, following rapid growth in 2025, during which WBT surged 160%, reaching an all-time-high of $64.11 and solidifying its position as the 11th-largest cryptocurrency by market capitalization at $10.7 billion, according to CoinGecko.

“Listing WBT on Kraken represents a logical next step in the expansion of the WhiteBIT ecosystem,” said Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is a part of. “It reflects the momentum we’ve built through ecosystem growth, strategic partnerships, and increasing institutional visibility. It’s another important endorsement of WBT’s value and its role in the future of digital finance.”

This momentum has been powered by the expansion of the W Group ecosystem, which WhiteBIT is a part of, including:

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  • High-profile partnerships, such as the collaboration with Juventus, making WhiteBIT the club’s Official Sleeve and Cryptocurrency Exchange Partner.
  • Global market expansion, with new operations in South America and the United States.
  • Strategic cooperation in the Middle East, including partnership with Saudi Arabia to develop blockchain infrastructure and CBDC framework.
  • Institutional recognition, including WBT’s inclusion in the S&P Crypto Indices, reflecting the token’s growing liquidity and market relevance.

Launched in 2022, WhiteBIT Coin (WBT) is the native utility token of the WhiteBIT platform. It offers significant advantages within the WhiteBIT exchange ecosystem, including reduced trading fees (up to 100% discount), increased referral bonuses (up to 50%), and free daily withdrawals. Users also gain from free AML checks, staking rewards up to 22.1%, and exclusive access to new projects via the WhiteBIT Launchpad.

The addition of WBT to Kraken not only expands access for traders worldwide but also reinforces WhiteBIT’s commitment to developing a globally recognized exchange-native coin that delivers utility, liquidity, and long-term value.

About WhiteBIT

WhiteBIT is the largest European cryptocurrency exchange by traffic, offering over 900 trading pairs, 350+ assets, and supporting 8 fiat currencies. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Juventus and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.

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SEC, Justin Sun Settle Lawsuit for $10M

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SEC, Justin Sun Settle Lawsuit for $10M

The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement.

The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations.

The SEC said in a letter to a Manhattan federal court on Thursday that Rainberry, one of Sun’s companies, would pay a $10 million fine, and claims against Sun and his companies, the Tron Foundation and BitTorrent Foundation would be dropped.

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Related: Rep Waters demands SEC oversight hearing about its approach to crypto

The lawsuit, first filed in March 2023, accused Sun and his companies of selling unregistered securities via the Tronix (TRX) and BitTorrent (BTT) tokens and allegedly wash trading TRX.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

This is a developing story, and further information will be added as it becomes available.

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