OKX, ICE, and Trade.xyz Join Forces to Bring Perpetual Contracts to the U.S. Regulated Market

Odaily reports: On October 29, OKX founder and CEO Star announced on social media that the company will push to bring perpetual contracts into the regulated U.S. market. The project is being advanced jointly by Intercontinental Exchange (ICE, the parent company of the NYSE), on-chain perpetual contracts platform Trade.xyz, and OKX.

According to public information, ICE has signed a definitive agreement with Trade.xyz to build an independent trading and clearing system in the United States, supporting 24/7 perpetual contract trading in equities, indices, commodities, foreign exchange, and crypto assets. Under the arrangement, ICE will serve as the exclusive operator of this U.S. market, Trade.xyz will be ICE's exclusive partner for launching this business in the U.S., and distribution to retail users will be conducted through a joint venture between ICE and OKX.

Star stated that this collaboration will combine ICE's institutional-grade market infrastructure, Trade.xyz's on-chain innovation capabilities, and OKX's distribution and trading technology, and is expected to form a new generation of global, round-the-clock financial markets.