OKX, ICE partner on oil perps as NYSE-parent pressures US regulators to rein in Hyperliquid
Crypto exchange OKX is partnering with Intercontinental Exchange to list oil perpetual contracts while ICE simultaneously lobbies US regulators against decentralized competitor Hyperliquid.Summary
Crypto exchange OKX has announced a partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to introduce perpetual futures contracts linked to Brent and WTI Crude oil benchmarks. OKX frames this move as a modernization of financial markets, providing retail traders access to regulated commodity benchmarks. Simultaneously, ICE and CME Group are reportedly lobbying U.S. regulators to increase oversight of decentralized platforms like Hyperliquid. These traditional finance giants argue that onchain derivative offerings pose systemic risks to established commodity markets, highlighting a growing regulatory tug-of-war between traditional exchange operators and the emerging decentralized finance sector.
(Source：The Block)