On March 5, 2026, Intercontinental Exchange (ICE) officially confirmed a strategic partnership with crypto exchange OKX. The news instantly ignited market momentum, propelling the OKB token past the $100 mark and briefly touching resistance near $117. The rally stands out against a backdrop of ongoing geopolitical headwinds that have rattled global markets.
ICE Investment Lifts OKX Valuation to $25 Billion
Although ICE did not disclose the exact investment size, the deal effectively values OKX at $25 billion. Market observers note that a traditional finance heavyweight stepping in not only provides capital credibility but also signals deeper mainstream recognition for the crypto sector. OKB's current circulating market cap sits at roughly $2.19 billion, a fraction of the exchange's implied valuation, suggesting room for growth.
OKB vs. BNB: Valuation Gap Highlights Potential
Comparing Binance and its BNB token: Binance's parent is valued between $70-$90 billion, while BNB's market cap exceeds $90 billion. The OKX-OKB ratio appears far more conservative. With OKB's maximum supply capped at 21 million and increasing utility—such as tokenized stock offerings and broader service integration—analysts say four-figure OKB prices are within reach if favorable trends persist.
Technicals: $100 Becomes New Support, Targets $117 and $157
After dipping below $60 during February's selloff, OKB has recovered key levels held since August 2025. The ICE news reignited momentum, turning $100 into a fresh support zone and placing the $117 resistance within striking distance. Experts believe a close above $124 could open the door to a rally toward $157. With Bitcoin stable above $70,000, these targets appear realistic.
Downside Risks: Watch $93.36 and $81 Supports
Should the ICE excitement fade, a correction could drag OKB down to supports at $93.36 or even $81. Fundamentally, OKX's net income for 2025 is estimated between $3.5 billion and $4.2 billion. As of end-2025, the exchange collateralized user assets at 103%, meaning $103 in reserves for every $100 in client assets. Total reserves exceed $20 billion, underpinning OKB's long-term growth trajectory. ICE's backing further diversifies OKX's revenue streams and enhances its credibility in the competitive crypto exchange landscape.