OKX completes new financing at a $25 billion valuation, with participation from Standard Chartered and Circle, among others

PANews, Oct. 6 (Xinhua) -- Crypto exchange OKX closed a new round of funding at a $25 billion valuation with existing partners and hedge fund Qube Research & Technologies, as well as other investors including Circle, Ripple and SC Ventures, the investment arm of Standard Chartered Bank, according to Bloomberg. OKX did not disclose the amount of funding, but said it was an extension of a March round in which NYSE parent company Intercontinental Exchange (ICE) invested about $200 million in OKX at the same valuation. Haider Rafique, Global Managing Partner of OKX, said the funding round is focused on strengthening OKX's long-term market infrastructure.

PANews, Oct. 6 (Xinhua) -- Crypto exchange OKX closed a new round of funding at a $25 billion valuation with existing partners and hedge fund Qube Research & Technologies, as well as other investors including Circle, Ripple and SC Ventures, the investment arm of Standard Chartered Bank, according to Bloomberg. OKX did not disclose the amount of funding, but said it was an extension of a March round in which NYSE parent company Intercontinental Exchange (ICE) invested about $200 million in OKX at the same valuation. Haider Rafique, Global Managing Partner of OKX, said the funding round is focused on strengthening OKX's long-term market infrastructure.