OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg. The report said existing partners and hedge fund Qube Research & Technologies took part in the deal. OKX said Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered, also joined the round. The company did not disclose the amount raised, but said the transaction extends a financing completed in March this year. In that earlier round, Intercontinental Exchange, the parent company of the New York Stock Exchange, invested about $200 million in OKX at the same $25 billion valuation. The new financing keeps that valuation unchanged while adding a group of strategic and financial backers, based on the details cited in the report.
Cryptocurrency exchange OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg.
The report said existing partners and hedge fund Qube Research & Technologies participated in the financing.
OKX said Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered, were also part of the round.
OKX declined to disclose the amount raised. The company said the financing is an extension of a round completed in March this year.
At that time, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested about $200 million in OKX at the same $25 billion valuation.
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