NYSE Operator ICE Takes Minority Stake in Crypto Exchange OKX at $25B Valuation
Business
Intercontinental Exchange has taken a stake in the crypto trading platform OKX, valuing the company at 25 billion dollars. The operator of the New York Stock Exchange receives a seat on the board of directors of the crypto exchange as part of the transaction. The exact investment amount is not disclosed by either party. With this valuation, OKX significantly exceeds recently listed competitors Bullish and Gemini. The proprietary OKB token reacted immediately to the announcement and recorded a
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