NYSE Owner and OKX to Launch Perpetual Futures Tied to Oil (1)

Intercontinental Exchange Inc., owner of the New York Stock Exchange, is working with crypto exchange operator OKX to launch oil futures contracts that never expire.

ICE’s futures prices for Brent crude and West Texas Intermediate, known as WTI, will underpin the new perpetual contracts offered on OKX’s platform, the companies said in a statement Friday. The new contracts will be available on OKX, in which ICE holds a stake, across territories where the crypto company is already licensed to offer perpetual futures.

“Oil markets are critical to the world economy,” Haider Rafique, global managing partner at OKX, ...