NYSE Owner ICE Partners With OKX to Launch Perpetual Oil Futures
Tech NYSE Owner ICE Partners With OKX to Launch Perpetual Oil Futures Intercontinental Exchange, the owner of the New York Stock Exchange, is partnering with exchange OKX to introduce perpetual oil futures contracts, extending one of cryptos most popular trading instruments into global energy markets. Under the arrangement, ICEs benchmark pricing data for Brent crude and West Texas Intermediate (WTI) will underpin perpetual futures contracts offered through OKX, the companies announced. The products will be available in jurisdictions where OKX is already licensed to offer perpetual futures trading. The launch represents a notable crossover between traditional financial infrastructure and crypto-native derivatives markets, where perpetual contracts have become one of the industrys most heavily traded products. Unlike standard futures contracts, perpetual futures do not expire, allowing traders to maintain positions indefinitely without rolling contracts forward or taking physical delivery of the underlying asset. In recent months, perpetual futures have increasingly expanded beyond crypto into real-world assets such as commodities, equities, and foreign exchange. “Oil markets are critical to the world economy,” said Haider Rafique, global managing partner at OKX. Integrating ICEs pricing benchmarks into regulated perpetual products, he said, creates a bridge between traditional and digital financial markets that traders have increasingly demanded. Competition Ramps Up for Tokenized