OKX Secures Fresh Funding at $25 Billion Valuation

OKX, a major crypto exchange, has recently secured new funding at a $25 billion valuation. The round attracted investments from existing partners, including Circle Internet Group Inc., Ripple, and Standard Chartered Plc’s SC Ventures. The hedge fund Qube Research & Technologies also participated in the funding round. OKX did not disclose the exact amount raised but noted that this is an extension of a previous round in March, when Intercontinental Exchange Inc. invested approximately $200 million at the same valuation.

The latest funding round underscores continued confidence in OKX despite the volatile crypto market. The exchange has been expanding its services and partnerships, aiming to solidify its position in the industry. The participation of major financial players like Standard Chartered’s SC Ventures highlights the growing institutional interest in the crypto space.