OKX has joined forces with Intercontinental Exchange (ICE) to introduce perpetual futures contracts that will utilize ICE’s Brent Crude and WTI Crude oil benchmarks. This significant initiative will be available to traders in jurisdictions where OKX holds the necessary licenses for perpetual futures trading.
This collaboration marks the first product launch between OKX and ICE since the establishment of their strategic relationship in March 2026. ICE, known for operating major exchanges, clearing houses, and data services across various markets including commodities and equity, also oversees the New York Stock Exchange, enhancing its credentials in the financial landscape.
The perpetual contracts offered through OKX will be supported by ICE’s pricing data for Brent and WTI futures. These two oil benchmarks hold crucial importance in the global energy market, serving as reference points for traders internationally. By launching these contracts, both companies aim to broaden regulated access to commodity markets through advanced digital asset infrastructure, thereby enabling retail traders to gain exposure to vital global energy benchmarks within a digital framework.
The initiative comes at a time of rising interest in tokenized finance, regulated derivatives, and real-world asset products. OKX emphasized that this launch is in line with its broader objective of enhancing regulated infrastructure, offering institutional-grade services, and creating products that connect traditional finance with digital assets.
OKX, initially founded as a cryptocurrency trading and blockchain technology company, now boasts a user base exceeding 120 million globally, with trillions of dollars in transaction volumes processed. The company maintains regulatory licenses across various key markets, including the United States, Singapore, Australia, the UAE, and Europe.
ICE, a Fortune 500 entity, provides a range of services across global capital markets, including energy and commodities. Besides its role in these sectors, ICE also manages the New York Stock Exchange, underscoring its substantial influence in financial markets.
Key stakeholders have expressed enthusiasm about the venture. Haider Rafique, Global Managing Partner at OKX, highlighted the critical nature of oil markets to the global economy. He noted that the integration of ICE’s Brent and WTI futures into regulated perpetual futures is an essential progression, enabling retail traders to access the world’s foremost energy benchmarks in a transparent regulatory environment.
Trabue Bland, Senior Vice President of Futures Exchanges at ICE, affirmed that these new perpetual contracts will empower OKX’s extensive community of retail traders by granting them access to the global energy benchmarks. The collaboration is seen as a meaningful advancement in modernizing financial markets and promoting broader participation.
