NYSE's Parent Company Invests in OKX, Valued at $25 Billion

BlockBeats News, March 5th, according to Fortune report, New York Stock Exchange's parent company Intercontinental Exchange has invested in the crypto exchange OKX, valuing the exchange at about $25 billion in this round of funding.

The report revealed that Haider Rafique, OKX's Head of Global Corporate Development, visited Atlanta last summer to meet with ICE. What was originally planned as a 30-minute meeting extended to about 4 hours, as both sides delved into discussions about crypto market development, digitalization of capital markets, and future collaboration directions.

The investment is reportedly aimed at advancing blockchain-based stock trading operations, demonstrating that traditional financial institutions are accelerating their layout in the crypto and blockchain infrastructure space.