NYSE Owner Joins OKX to Launch Tokenized Stocks | CoinDesk Daily
10/5/2026 · 2 min · transcript via mlx
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Key topics
— OKX and Intercontinental Exchange (ICE, the NYSE parent) jointly launched OKX ICE, a tokenized stock trading venue applying for SEC approval to trade more than 60 U.S.-listed companies.
— The SEC's new innovation exemption rule permits venues to use automated market makers and liquidity pools for tokenized U.S. stock trading, enabling this new business model.
— Ether outperformed Bitcoin in Q3 with a 70% price gain, but its market liquidity and order book depth remained significantly thinner than Bitcoin's despite the price rally.
— Zcash activated its NU7 upgrade on testnet, reducing block time from 75 seconds to 25 seconds to speed up transaction confirmation and merchant payment settlement.
— Andrew Cuomo, former New York Governor, serves as co-chair of OKX ICE and announced the tokenized stock venue launch on social media.
Market & price signals
— Ether gained 70% in Q3 2024, outpacing Bitcoin. However, Ether's median daily market depth was only 35–45% of Bitcoin's depth, indicating thinner liquidity and smaller order books despite the price surge. This contradicts the typical market assumption that rising prices attract deeper liquidity pools.
Actionable insights
— Monitor OKX ICE's SEC approval timeline and regulatory developments; tokenized stock trading on blockchain could create new asset classes and trading infrastructure competing with traditional venues.
— Assess liquidity conditions before trading Ether or other altcoins; strong price moves do not automatically create deeper markets, which can increase slippage on large orders.
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