OKX, ICE and Trade.xyz Join Forces to Bring Perpetual Futures to the US Regulated Market

October 29: According to official sources, OKX founder and CEO Star said on social media that he will push to bring perpetual contracts into the regulated US market. The project is being advanced jointly by Intercontinental Exchange (ICE, parent company of the New York Stock Exchange), on-chain perpetual contract platform Trade.xyz and OKX.

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

Star said the collaboration 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 form a new generation of globalized, around-the-clock financial markets.