OKX Global Managing Partner and Chief Marketing Officer Haider Rafique has reportedly decided to leave the cryptocurrency exchange by the end of 2026, following several years of work on its international expansion and partnerships with major financial institutions.
Summary
- OKX executive Haider Rafique reportedly plans to leave the cryptocurrency exchange before 2026 officially ends.
- Rafique helped oversee OKX branding, international expansion, and partnerships with major sports and entertainment organizations.
- Intercontinental Exchange invested approximately $200 million in OKX during March, valuing the company at $25 billion.
- Circle, Ripple, Qube Research and Standard Chartered’s SC Ventures joined OKX’s investment round in October 2026.
- OKXICE recently pursued regulatory approval to offer tokenized shares of 63 U.S. publicly traded companies.
Bloomberg reported on October 15, citing people familiar with the matter, that Rafique plans to depart after helping develop relationships between OKX and companies across Wall Street, sports, and entertainment.
Neither Rafique nor an OKX spokesperson commented on the reported departure. The company has not publicly announced a replacement or confirmed whether his responsibilities will be transferred to another executive.
The reported exit follows a year of institutional investment in OKX, including a deal with New York Stock Exchange parent Intercontinental Exchange (ICE) that valued the cryptocurrency company at $25 billion.
OKX executive Haider Rafique reportedly plans year-end exit
Rafique has served as one of OKX’s senior executives during its expansion into international markets. His responsibilities have included marketing, brand development, strategic partnerships, and relationships with companies outside the cryptocurrency industry.
According to the October 15 report, he intends to leave before the end of December. The account did not identify his next position or explain the reason behind the planned departure.
His professional relationship with the exchange dates back to 2020, although OKX formally announced his appointment as chief marketing officer in December 2022. Before taking that position, he worked with the executive team as an adviser on branding and commercial partnerships.
In its December 2022 announcement, OKX described Rafique as a central figure in the company’s transition from OKEx to OKX earlier that year. He had worked on the rebranding campaign and helped establish the exchange’s relationship with English Premier League club Manchester City.
The company confirmed that his appointment would place him in charge of international marketing and brand development. His earlier experience included serving as chief marketing officer at Okcoin and holding growth-related positions at Blockchain.com.
During his tenure, OKX expanded its commercial partnerships with Manchester City, the McLaren Formula 1 racing team, and the Tribeca Film Festival. The agreements provided the exchange with visibility across international sports and entertainment audiences.
Rafique previously described OKX’s marketing strategy as focused on building recognition among customers outside the existing cryptocurrency trading community.
His reported departure has not been formally connected to any disagreement over strategy, management changes, or the exchange’s recent investment transactions.
OKX secured a $25 billion valuation through ICE partnership
The reported leadership change follows a major investment announced in March 2026, when Intercontinental Exchange entered into a strategic partnership with OKX.
ICE, which operates the New York Stock Exchange and several regulated financial markets, invested approximately $200 million in the cryptocurrency exchange, according to reports about the transaction.
The agreement valued OKX at approximately $25 billion and gave ICE representation on its board of directors. It included plans to connect cryptocurrency trading infrastructure with regulated financial products available through ICE.
Under the arrangement, ICE would license OKX cryptocurrency pricing information to support the development of U.S.-regulated digital asset futures.
OKX, meanwhile, planned to provide eligible customers with access to ICE futures markets and tokenized equities linked to stocks traded on the New York Stock Exchange, subject to regulatory approval.
The ICE investment in OKX that valued the exchange at $25 billion attracted attention across cryptocurrency markets in March. Following the announcement, OKX’s OKB token climbed sharply, reaching an intraday high near $117.60 after trading around $77.29.
The investment established a commercial relationship between the exchange and one of the largest operators of traditional financial market infrastructure.
OKX founder and CEO Star Xu described the partnership as an opportunity to develop products connecting digital assets with established securities and derivatives markets.
ICE Chairman and CEO Jeffrey Sprecher said the companies intended to expand access to regulated markets and explore the use of blockchain technology for tokenized assets.
The two companies subsequently introduced products tied to traditional commodities. In July, OKX began offering perpetual futures linked to ICE Brent and West Texas Intermediate crude oil benchmarks in selected jurisdictions.
The exchange said the contracts used licensed ICE market data and were available in eligible markets across Europe, Asia, the United Arab Emirates, Latin America, and other regions.
Circle, Ripple and Standard Chartered invest in OKX
Following the March agreement, OKX secured another investment involving four companies already working with its financial infrastructure.
On October 6, the exchange announced that Circle, Ripple, Qube Research & Technologies, and Standard Chartered’s SC Ventures had participated in an extension of the ICE-led financing round.
The transaction carried a $25 billion pre-money valuation. OKX did not disclose the total amount raised or the individual contributions made by the four investors.
The investment from Circle, Ripple and Standard Chartered’s SC Ventures brought companies involved in stablecoins, institutional trading, and financial services into the exchange’s shareholder group.
Circle’s relationship with OKX centers partly on USDC, its dollar-backed stablecoin, while Ripple works with the platform through RLUSD and payment infrastructure.
Standard Chartered has developed institutional custody services involving OKX. Its venture capital arm joined the financing transaction as the exchange continued expanding its institutional business.
Qube Research & Technologies, a quantitative investment firm, has worked with OKX on trading liquidity and market operations. Its participation added another institutional trading company to the exchange’s investor group.
In its October announcement, OKX said the financing would support its work on financial infrastructure, tokenized assets, payments, and services connecting traditional markets with digital asset technology.
The company did not announce changes to Rafique’s role when disclosing the investment, and no connection between that financing and his reported departure has been established.
OKX pursues U.S. tokenized stock trading through joint venture
OKX’s relationship with ICE has since extended into plans for a regulated platform offering digital versions of publicly traded U.S. stocks.
Earlier in October, OKXICE, the companies’ joint venture, reportedly submitted paperwork to the U.S. Securities and Exchange Commission seeking permission to trade tokenized shares of 63 companies.
The proposed platform would operate under the SEC’s Innovation Exemption framework, subject to applicable regulatory conditions.
According to OKX’s application involving 63 tokenized U.S. stocks, the joint venture intends to offer blockchain-based representations of eligible listed securities while preserving investor rights connected to the underlying shares.
The companies would need to comply with requirements covering transparency, transaction records, trading halts, and the operation of blockchain-based securities.
Under the proposed arrangement, companies whose shares are tokenized by an unaffiliated third party would receive notice before trading begins and could object within the applicable regulatory period.
OKXICE is pursuing the necessary regulatory arrangements before launching the trading service. The reported filing does not establish that the platform has received final approval or begun offering the 63 tokenized stocks.
Meanwhile, OKX’s March partnership announcement identified U.S. market expansion as one of the company’s priorities, including regulated futures and institutional financial products.
The exchange reported serving more than 120 million users worldwide when announcing its partnership with ICE. It operates through different licensing arrangements in jurisdictions including the U.S., Europe, Singapore, Australia, and the United Arab Emirates.
No formal departure date or successor for Rafique had been announced as of October 16. Bloomberg’s account identified the planned exit as information provided by people familiar with the matter, while OKX and the executive declined to comment.
