Former New York Gov. Andrew Cuomo appeared on Fox Business Monday to promote 24/7 tokenized stock trading after joining the board of crypto exchange OKX.
The crypto trading platform said Monday that Cuomo had joined its board of directors, deepening his existing ties to the exchange. Last month, OKX and New York Stock Exchange parent Intercontinental Exchange formed a 50-50 joint venture co-chaired by Cuomo.
"So crypto, OKX, fintech, coming together with ICE [and the] New York Stock Exchange — that is a marriage that should have happened a long time ago," Cuomo told Fox Business. "When people talk about crypto, they tend to talk about tokens, etc. That’s not how I see crypto. I see it as the financial infrastructure of the future."
OKX is one of the world’s largest crypto exchanges, although it trails global market leader Binance. Traditionally focused on international markets, OKX is seeking to expand in the U.S., where Coinbase dominates crypto trading and tokenized equities are attracting growing interest from crypto and traditional financial firms.
Describing ICE as the "quintessential traditional finance company," Cuomo seems to have confidence the partnership with OKX could play a role in growing the market for round-the-clock, onchain equities trading, including bringing more foreign capital into U.S. markets.
