Overview
- OKX, which said Thursday at the Digital Asset Summit in New York it will not rush a U.S. listing, tied the timing to confidence in steady shareholder returns.
- Executives pointed to weak stock performance by listed crypto firms, with Haider Rafique noting a personal purchase that is down about 50% since listing.
- The company recently secured a strategic investment linked to Intercontinental Exchange that valued OKX at about $25 billion, which it says it priced on purpose at a conservative level.
- OKX plans to build tokenized versions of traditional assets with ICE and says it will serve as the distribution layer for products such as onchain equities.
- Leaders highlighted a global footprint and a single order book across regions as liquidity advantages over U.S.-centric rivals, and they noted peers like Kraken have paused IPO plans.