Crypto exchange OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg. The investor list includes existing partners and hedge fund Qube Research & Technologies, along with Circle, Ripple and SC Ventures, the investment arm of Standard Chartered. OKX did not disclose the amount raised. The company said the deal extends a financing round from March, when Intercontinental Exchange, the parent company of the New York Stock Exchange, invested about $200 million in OKX at the same valuation. Haider Rafique, OKX’s global managing partner, said the latest financing is focused on strengthening the exchange’s long-term market infrastructure. The report did not provide additional terms for the round.
Crypto exchange OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg. Investors include existing partners and hedge fund Qube Research & Technologies. Other backers named in the report are Circle, Ripple and SC Ventures, the investment arm of Standard Chartered.
OKX did not disclose how much it raised. The company said the transaction is an extension of a March financing round. In that earlier round, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested about $200 million in OKX at the same $25 billion valuation.
Haider Rafique, OKX’s global managing partner, said the new financing is focused on strengthening OKX’s long-term market infrastructure.
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