OKX, ICE and Trade.xyz Team Up to Introduce Perpetual Futures to the U.S. Regulated Market

TechFlow reported that on October 29, OKX founder and CEO Star said on social media that he will drive the entry of perpetual futures into the regulated U.S. market. The project is being jointly advanced by Intercontinental Exchange (ICE, parent company of the New York Stock Exchange), on-chain perpetual futures platform Trade.xyz, and OKX.

According to public information, ICE has signed a final agreement with Trade.xyz and plans to build an independent trading and clearing system in the United States to support 7×24-hour perpetual futures trading in equities, indices, commodities, foreign exchange, and crypto assets. Under the arrangement, ICE will serve as the exclusive operator of this U.S. market, Trade.xyz will be ICE's exclusive partner for launching this business in the United States, and distribution to retail users will be conducted through the joint venture between ICE and OKX.

Star said the partnership will combine ICE's institutional-grade market infrastructure, Trade.xyz's on-chain innovation capabilities, and OKX's distribution and trading technology, and is expected to help create a new generation of global, around-the-clock financial markets.

Source: TechFlow