OKX and ICE Partner to Bring 'Never-Expiring' Oil Futures to Crypto Users
OKX and Intercontinental Exchange (ICE) are introducing perpetual oil futures to OKX's 120 million users. These contracts never expire, following the success of Hyperliquid's similar product, which saw $1.6 billion in 24-hour trading volume.
OKX, one of the world's largest crypto exchanges, has partnered with Intercontinental Exchange (ICE) to bring perpetual oil futures to its platform. These futures contracts, which never expire, are designed to offer traders more flexibility and continuous exposure to oil prices.
The move comes on the heels of Hyperliquid's successful launch of never-expiring oil futures, which saw a staggering $1.6 billion in 24-hour trading volume. This partnership aims to leverage OKX's massive user base of 120 million to bring traditional commodity trading into the crypto space.
For everyday users, this means easier access to oil price speculation without the hassle of contract expiration dates. It also opens up new opportunities for diversifying portfolios beyond traditional crypto assets. The integration of perpetual contracts could make commodity trading more accessible and appealing to a broader audience.
Watch for the official launch date and trading volume metrics to gauge the success of this new product. Traders should also monitor regulatory developments, as perpetual contracts can sometimes face scrutiny. Read more → https://www.coindesk.com/business/2026/05/22/okx-and-ice-are-bringing-never-expiring-oil-futures-to-120-million-crypto-users