NYSE Owner ICE Brings Perpetual Oil Futures to OKX as Iran War Drives Demand
BeInCrypto
Intercontinental Exchange is partnering with OKX to offer perpetual oil futures, providing 24/7 access to energy benchmarks amid rising geopolitical tensions.Summary
The Intercontinental Exchange (ICE), owner of the NYSE, has partnered with crypto exchange OKX to introduce perpetual oil futures based on Brent and WTI benchmarks. This initiative, which follows ICE's strategic investment in OKX earlier this year, aims to provide OKX's 120 million global users with access to regulated energy markets through a crypto-native, 24/7 trading format. The launch is particularly relevant given the increased market volatility driven by the ongoing Iran conflict, offering traders a way to hedge or speculate on oil prices without the constraints of traditional exchange operating hours or contract expirations.
(Source：BeInCrypto)