OKB Token Surges 38% on NYSE’s OKX Investment at $25B Valuation
The parent company of the New York Stock Exchange has invested in OKX, valuing the crypto exchange at $25 billion. This partnership will allow OKX users to trade tokenized stocks and NYSE-listed derivatives, with the rollout expected in the second half of the year. OKX’s token, OKB, surged over 38% to $106.70 following the announcement. The move reflects NYSE’s ongoing expansion into crypto, including its development of a blockchain-based platform for tokenized securities. OKX emphasized alignment with NYSE on merging traditional finance and digital assets, calling the investment significant. OKX, which resumed U.S. operations in April after a settlement with the Department of Justice, is also considering a U.S. IPO as part of its efforts to strengthen its U.S. market presence.
