Intercontinental Exchange Inc. (ICE) partnered with crypto exchange OKX to launch perpetual futures for Brent and West Texas Intermediate (WTI) crude oil. These contracts track ICE’s global oil benchmarks but trade on OKX’s platform without expiration dates.
Perpetual futures allow traders to speculate on price movements without managing contract expirations or physical delivery. The partnership enables 24/7 trading for energy assets to attract new market participants and provide novel hedging tools.
This initiative bridges traditional commodity markets with digital asset derivatives. The move could significantly influence trading volumes and price discovery for global crude oil.