Intercontinental Exchange, Inc. (ICE) Open Interest on the Rise

Intercontinental Exchange, Inc. (NYSE:ICE) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 4, the company announced that total open interest in its network increased 13% year-over-year, reaching a record high of 106.1 million lots.

The open interest increase occurred as the exchange experienced growth across multiple segments, with energy open interest rising 6% compared to the same period in the previous year. Brent Crude open interest was up 16% as Oil Ol posted a 14% increase. In the agricultural markets, open interest in Sugar was up 4% year over year.

The record open interest underscores how global institutions rely on ICE benchmark contracts for hedging and portfolio management. The company’s diversified exchange portfolio, which includes cryptocurrencies, energy, financials, and equities, remains well-positioned to capture trading demand in volatile markets.

Intercontinental Exchange, Inc. (NYSE:ICE) is a global company that provides exchange and clearing services, financial data, and technology solutions for various markets. In the cryptocurrency market, it offers data services and futures contracts for digital assets through its regulated exchanges, such as ICE Futures Singapore, and previously operated Bakkt, a digital asset platform for institutional and consumer use.

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Disclosure: None. This article is originally published at Insider Monkey.