Intercontinental Exchange (ICE) Company Report

ICE has acquired a minority stake in OKX—valuing the crypto exchange at about $25 billion—secured a board seat, will license OKX spot pricing and bring ICE’s U.S. futures and tokenized NYSE equities to OKX users.
The partnership targets the rollout of regulated crypto futures and tokenized equity offerings to OKX’s 120 million users in 2026, pending regulatory approvals.
Following the announcement, OKB’s on-chain daily new addresses spiked 944%, and CoinGecko data estimates the news added $640 million to OKB’s market value in a single session.
The deal stems from a four-hour meeting last summer between OKX and ICE leadership and follows OKX’s prior $500 million DOJ settlement for operating an unlicensed money-transmitting business.

2 days ago

WSJ

ICE invests in OKX, forming strategic partnership on tokenized markets

ICE

New Projects/Investments

Intercontinental Exchange made an undisclosed minority investment in OKX valuing it at $25 billion and secured a board seat.
Under the deal, ICE will license OKX’s spot crypto price data to launch U.S.-regulated crypto futures, while OKX will offer its ~120 million users access to ICE U.S. futures and tokenized NYSE-listed equities, with integrations slated for H2 2026.
ICE said the partnership advances its tokenization strategy and is not expected to materially affect its 2026 financial results.
OKX’s native token OKB surged over 36% on the announcement, signaling strong market reaction.

2 days ago

Morningstar

ICE invests in OKX to establish strategic blockchain trading relationship

ICE

New Projects/Investments

ICE made an investment in OKX at a $25 billion valuation, securing a board seat and formalizing a strategic partnership.
As part of the deal, ICE will license OKX’s spot crypto prices to launch U.S.-regulated futures, while OKX will offer its 120 million users access to ICE’s U.S. futures and NYSE tokenized equities markets.
The collaboration will explore joint initiatives in market structure design, clearing and risk management, data services, and multi-chain custody to integrate digital assets with traditional markets.
ICE’s minority stake in OKX is not expected to have a material impact on its 2026 financial results or capital return plans.

2 days ago

Press Release

ICE reports February 2026 trading volumes and open interest

ICE

Total average daily volume rose 17% y/y and open interest climbed 19% y/y, with a record 119.6 million lots on February 23.
Total Energy ADV increased 12% y/y; within energy, Oil ADV was up 27% y/y, Brent ADV surged 37% y/y, and WTI ADV grew 37% y/y.
Record Total Environmentals ADV jumped 57% y/y, and Agriculture & Metals ADV hit a record 25% y/y increase.
Total Financials ADV rose 24% y/y; Interest Rates ADV climbed 26% y/y, led by record SONIA ADV up 62% y/y.

3 days ago

Press Release

Intercontinental Exchange mortgage delinquency rate eases in January

ICE

The U.S. mortgage delinquency rate fell to 3.65% in January, down 3 bps month-over-month and 15 bps below the January 2020 pre-pandemic level.
Early-stage delinquencies (30–60 days past due) decreased by 54,000 borrowers from December to January, driving the overall improvement.
Borrowers 90+ days past due or in active foreclosure exceeded 850,000, up 104,000 year-over-year—the highest since July 2022.
January saw 42,000 foreclosure starts (highest monthly total since early 2020) and 8,100 foreclosure sales, up 5% and 28% year-over-year, respectively.

Feb 26, 2026, 1:00 PM

Press Release

Intercontinental Exchange-backed Pepeto raises over $7M in presale

ICE

New Projects/Investments

$7M+ raised, representing 70% of a $10M hard cap in Pepeto’s presale
Binance listing confirmed, marking the final presale stage before public trading
214% APY staking reduces circulating supply and compounds demand
850+ projects queued for listing on Pepeto’s exchange platform

Feb 13, 2026, 3:58 PM

Press Release

ICE posts record interest-rate derivatives open interest

ICE

Record 42.3 million interest-rate derivatives open interest on Feb. 11, 2026, up 45% y/y, with 116.5 million total OI across futures and options
15.4 million SONIA futures and options OI (including 11.7 million SONIA options); SONIA futures OI rose 63% y/y and options OI rose 70% y/y
Euribor markets OI reached 22.7 million, up 33% y/y, and €STR futures are likewise seeing significant growth
Morningstar notes ICE’s diversified revenue from mortgage technology and fixed-income data, with roughly 50% recurring revenue

Feb 13, 2026, 12:25 PM

Morningstar

ICE announces record open interest across interest rate derivatives markets

ICE

ICE’s interest rate derivatives markets reached a record 42.3 million contracts on February 11, 2026, up 45% y/y, while total futures and options open interest hit 116.5 million contracts.
ICE SONIA futures and options saw 15.4 million open interest (+63% y/y), including 11.7 million SONIA options (+70% y/y).
Euribor open interest rose to 22.7 million contracts (+33% y/y) and €STR futures OI doubled to 2.2 million (+>100% y/y).
Gilts OI increased 21% to 1.2 million contracts; SARON OI was up 16%; and MPC Dated SONIA futures OI topped 51,000 on January 29, 2026.

Feb 13, 2026, 12:00 PM

Press Release

ICE launches CoinDesk cryptocurrency futures

ICE

Product Launch

Intercontinental Exchange (ICE) introduced seven new U.S. dollar-denominated, cash-settled cryptocurrency futures based on CoinDesk Indices: CoinDesk 20, CoinDesk 5, Bitcoin, Ether, Solana, XRP and BNB futures.
Over $40 billion in assets under management are tied to CoinDesk Indices, with the flagship CoinDesk 20 Index capturing over 90% of the digital asset market and over $16 billion in linked product volume.
ICE plans to launch One Month CoinDesk Overnight Rates (CDOR) USDC futures, subject to regulatory review, to benchmark decentralized finance overnight borrowing rates.

Feb 11, 2026, 1:00 AM

Press Release

Intercontinental Exchange highlights strategic growth and technology initiatives

ICE

New Projects/Investments

Share Buyback

M&A

ICE is prioritizing proprietary data and AI, leveraging its futures, equities and mortgage-tech datasets to fuel demand for real-time quality data, while pursuing tokenization on its NYSE platform and a U.S. Treasury Clearing launch later this year.
The integrated Ellie Mae and Black Knight mortgage platform targets $2,000 in origination cost savings per loan and high-single-digit revenue growth in a normalized 7–10 million loan market, already delivering $100 million in annual synergies.
Fixed Income & Data Services benefited from high-single to low-double-digit growth in desktops and feeds, driven by surging demand for connectivity via the ICE Global Network, with planned CapEx to expand its data center footprint.
Blockchain initiatives include a tokenized equity trading venue underpinned by Pillar technology and exploration of stablecoins to reduce clearinghouse collateral requirements within ICE’s six clearinghouses.
With leverage at 3× EBITDA, ICE remains opportunistic on M&A while prioritizing share repurchases and incremental debt reduction absent attractive acquisitions.