ICE and OKX are launching perpetual oil futures — bringing NYSE-grade Brent and WTI benchmarks to 120 million crypto traders!

Intercontinental Exchange, the owner of the New York Stock Exchange, and crypto exchange OKX announced Friday they are rolling out perpetual oil futures backed by ICE's Brent crude and WTI benchmark prices. The contracts will be available across all territories where OKX is already licensed to offer perpetual futures, opening regulated energy benchmark exposure to OKX's roughly 120 million retail traders.

The move is a direct answer to demand Hyperliquid's oil perps have already validated: those contracts have been generating around $1.6 billion in daily trading volume and carry more than $1.3 billion in open interest. OKX's global managing partner Haider Rafique framed the partnership as "exactly the kind of bridge between traditional and digital markets that market participants have been asking for."

The deal also deepens a broader strategic relationship: in March, ICE made a…