OKB, the native token of crypto exchange OKX, rocketed over 50% today following news that Intercontinental Exchange, the publicly traded parent company of the New York Stock Exchange, made a strategic investment in the platform, Fortune reported.
CoinMarketCap data shows that OKB rose from $78 to roughly $118 shortly after the announcement. The token’s 24-hour trading volume also spiked by more than 1,000%.
The jump represents one of OKB’s biggest single-day moves since the token soared 170% on its tokenomics upgrade.
The deal values OKX at $25 billion and includes a board seat for the trading giant.
This is a developing story.
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