NYSE Owner Invests in Crypto Firm at $25 Billion Valuation
NYSE signage on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergIntercontinental Exchange Inc. acquired a stake in OKX in a deal that values the cryptocurrency exchange operator at $25 billion.
ICE, which owns the New York Stock Exchange, invested roughly $200 million in OKX, according to people familiar with the matter who asked not to be identified citing private details. ICE will get a seat on OKX’s board, the companies said Thursday in a statement that didn’t disclose terms.