Hey, it’s Marc,

Thirteen months ago, OKX paid $504M to the DOJ for running an unlicensed money-transmitting operation.

On March 10, the NYSE’s parent company ICE ($90B operator) handed them a board seat and a Wall Street halo in exchange for access to 120M users. [RELEASE]

👉PRO: Download the PDF below

What happened

On March 5, 2026, Intercontinental Exchange (ICE), operator of the NYSE, invested approximately $200M for a minority stake and board seat in OKX, valuing the crypto exchange at $25B.

The deal has three pillars:

  • ICE licenses OKX’s real-time spot data to launch U.S.-regulated crypto futures;

  • OKX integrates NYSE tokenized equities and U.S. futures for global distribution (targeting H2 2026); and

  • Both firms build joint institutional infrastructure: clearing, multi-chain custody, and wallet architecture, for U.S. customers.