Intercontinental Exchange, the parent company of the New York Stock Exchange, has made a strategic investment in crypto exchange OKX, valuing the platform at $25 billion, marking one of the most significant partnerships between a global exchange operator and a crypto trading firm.

The investment, announced Thursday, forms part of a broader collaboration between Intercontinental Exchange (ICE) and OKX aimed at connecting traditional financial markets with blockchain-based infrastructure. 

Financial terms of the deal were not disclosed, though ICE will take a seat on OKX’s board as part of the arrangement.

The partnership reflects a growing effort by established market…

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