NYSE Owner ICE and OKX Partner to Launch Oil-Linked Perpetual Futures

ICE and OKX Expand Crypto Trading Into Oil Markets

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is partnering with crypto exchange OKX to introduce oil-linked perpetual futures tied to Brent crude and West Texas Intermediate (WTI) benchmarks. The new products are expected to give traders exposure to two of the world’s most widely followed oil price indicators through crypto-based derivatives markets.

The launch marks the first product collaboration between ICE and OKX following a broader partnership announced earlier this year.

Oil-Based Perpetual Futures to Target Retail Traders

According to the companies, the contracts will settle against ICE’s Brent and WTI benchmark prices and will only be available in jurisdictions where OKX is licensed to offer perpetual futures trading. OKX said the products are designed to give retail investors access to energy benchmark markets through a regulated and transparent trading environment.

Perpetual futures, commonly known as “perps,” allow traders to speculate on price movements without owning the underlying asset and do not have expiration dates.

Competition Grows in Oil Crypto Derivatives Market

The move comes as exchanges increasingly expand into commodity-linked trading. Binance and Bybit recently introduced oil-related perpetual contracts, while decentralized platform Hyperliquid has also seen strong trading activity in Brent crude markets amid heightened oil price volatility.