OKB’s price rose after NYSE parent company ICE invested in OKX.
OKX token OKB rose more than 50% to $124 after a big announcement. The NYSE parent company has invested in OKX at a $25 billion valuation. ICE's move marks a strategic pivot to tokenized securities and derivatives trading.
OKX parent OKB has crossed the $100 mark following a major investment by Intercontinental Exchange (ISA), the parent company of the New York Stock Exchange (NYSE).
The token jumped from $77.65 to a high of $124 before giving back some of the gains.
The move comes as the broader cryptocurrency market is off to a rough start to the month.
ICE will invest in OKX at a value of 25 billion dollars
In the year In an announcement on March 5, 2026, New York Stock Exchange parent Intercontinental Exchange (ICE) has taken a minority stake in OKX, valuing the crypto exchange at $25 billion.
The investment marks OKX's significant endorsement by one of the world's largest financial infrastructure providers. As part of the deal, ICE plans to sit on the company's board and support convergence between traditional financial markets and digital assets.
The partnership will provide OKX with live cryptocurrency price feeds for ICE. Additionally, the exchange plans to list NYSE-listed stocks and derivatives, which will be available to its more than 120 million users.
The investment in OKX adds to ICE's growing portfolio of digital asset initiatives as the company expands its strategy around blockchain and tokenized markets.
Earlier, ICE invested $2 billion in Polymarket at a valuation of $9 billion and developed its own blockchain-based trading infrastructure.
OKX Founder and CEO Star Shu said in a statement:
“ICE has built and operates some of the world's most important financial infrastructure, including the New York Stock Exchange and global derivatives and clearing platforms. Your decision to invest in OKX and join our board reflects our shared belief that digital asset technology will play a lasting role in financial markets in the future.”
OKB Price View
OKB's breakout rally reflects market enthusiasm for OKX's improved legitimacy and growth potential.
The token's daily trading volume surged more than 1,600% to more than $421 million as its price increased by more than $100.
The token's price action after the announcement helped the bulls finally reach the highest daily high seen in December 2025.
As OKX's utility token, OKB benefits from platform fees, rewards and now marked TradFi products.
These avenues, which could show further adoption motivation among institutional investors, could help bulls.
However, as the chart above shows, profit taking has pushed OKB to the key $100 level.
If the upside reversal continues, immediate support is at the $91 and $80 levels.
