ICE and OKX to Launch Never-Expiring Oil Futures Tied to Brent and WTI!

Intercontinental Exchange, the operator of the NYSE, is teaming up with crypto exchange OKX to launch perpetual oil futures contracts benchmarked to Brent crude and WTI — two of the world's most closely watched energy prices. Bloomberg first reported the partnership.

Unlike traditional futures that roll on a fixed calendar, perpetual contracts never expire, a structure long familiar to crypto traders but essentially new to commodity energy markets. The contracts will be offered through OKX in jurisdictions where the platform holds the necessary regulatory licences for perpetual futures products.

The tie-up is a meaningful signal: one of the most systemically important exchange operators on the planet is now willing to distribute commodity exposure through crypto-native contract structures. For OKX, landing ICE as a counterpart gives its perpetuals book a layer of institutional…