- OKX token OKB jumped more than 50% to highs of $124 after a major announcement.
- NYSE parent company has invested in OKX at a $25 billion valuation.
- ICE’s move signals a strategic pivot toward tokenized securities and derivatives trading.
OKB, the native token of OKX, surged past the $100 mark following news of a major investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
The token jumped from around $77.65 to a high of about $124 before giving back part of the gains.
The move came as the broader cryptocurrency market moved higher after a difficult start to the month.
ICE invests in OKX at $25 billion valuation
An announcement on March 5, 2026, said Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, has taken a minority stake in OKX, valuing the crypto exchange at $25 billion.
The investment marks a notable endorsement of OKX by one of the world’s largest financial infrastructure providers. As part of the deal, ICE will take a seat on the company’s board and plans to support closer integration between traditional financial markets and digital assets.
The partnership will also see OKX provide ICE with live cryptocurrency price feeds. In addition, the exchange plans to list tokenized versions of NYSE-listed stocks and derivatives, making them available to its more than 120 million users.
The investment in OKX adds to ICE’s growing portfolio of digital asset initiatives as the company expands its strategy around blockchain and tokenized markets.
Earlier, ICE made a $2 billion investment in Polymarket at a $9 billion valuation and has also developed its own blockchain-based trading infrastructure.
Star Xu, founder and CEO of OKX, said in a statement:
“ICE has built and operated some of the most important financial infrastructure in the world, including the New York Stock Exchange and global derivatives and clearing platforms. Their decision to invest in OKX, and join our board, reflects a shared belief that digital asset technology will play an enduring role in the future of financial markets.”
OKB price outlook
OKB’s explosive rally reflects market enthusiasm for OKX’s enhanced legitimacy and growth potential.
The token’s daily trading volume surged by more than 1,600% to over $421 million as prices rose past $100.
The token’s price movement after the announcement helped bulls hit intraday highs last seen in December 2025.
As OKX’s utility token, OKB benefits from platform fees, staking rewards, and now tokenized TradFi products.
These avenues, likely to see further adoption impetus among institutional investors, could help bulls.
However, as the chart above shows, profit-taking has already pushed OKB to the key $100 level.
If the pullback from the intraday peak continues, immediate support lies at the $91 and the $80 levels.
Credit: Source link
