Crypto exchange OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg. The company said the round included existing partners and hedge fund Qube Research & Technologies, along with Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered.
OKX did not disclose the amount raised. It said the latest financing extends a round from March this year. At that time, Intercontinental Exchange, the parent company of the New York Stock Exchange, invested about $200 million in OKX at the same $25 billion valuation.
The update adds new detail on the exchange’s latest capital raise but leaves the total size of the round undisclosed.
Crypto exchange OKX has completed a new funding round at a $25 billion valuation, according to Bloomberg.
OKX said existing partners and hedge fund Qube Research & Technologies took part in the financing. The company also said Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered, joined the round.
OKX declined to disclose the amount raised, but said the financing is an extension of its March round 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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