The Intercontinental Exchange (global exchange operator) and OKX (crypto exchange) are set to roll out perpetual Brent and WTI oil futures, extending perpetual futures (contracts without expiry) beyond digital assets.
The Intercontinental Exchange, the owner of the New York Stock Exchange, and OKX announced plans to launch perpetual Brent and WTI oil futures. The move would bring perpetual futures, a contract structure widely used in crypto trading because it has no fixed expiration date, into oil benchmarks tied to Brent and West Texas Intermediate crude. Based on the source, the announcement signals cooperation between a major traditional exchange operator and a crypto trading platform on a derivatives product linked to energy markets.