Crypto exchange OKX and Intercontinental Exchange have jointly filed with the U.S. Securities and Exchange Commission to offer tokenized versions of NYSE-listed stocks on a 24/7 basis under the SEC’s innovation exemption. If approved, the application would mark a landmark integration of traditional Wall Street infrastructure with on-chain assets under a regulatory framework.
OKX’s Layer-2 network X Layer has launched Exchange OS, moving core exchange functions — matching, margining, liquidation, and settlement — to the protocol layer, allowing users to create custom crypto trading markets.
OKX and the Intercontinental Exchange (ICE) are partnering to bring “never-expiring” oil futures contracts to 120 million crypto users. The partnership draws on the success of Hyperliquid’s oli perpetual oil futures, which have seen over $1 billion in trading volume.
Crypto exchange OKX has launched perpetual futures contracts tracking the pre-IPO valuations of OpenAI and SpaceX. This move marks further convergence between crypto markets and traditional finance speculation, allowing investors to bet on pre-IPO company valuations through crypto derivatives. Source: CoinDesk