cryptorank.io
3 h
Crypto exchange OKX extends March round at $25B valuation with StanChart, Circle, Ripple: Bloomberg
Crypto exchange operator OKX has extended its March funding round at a $25 billion valuation, bringing in additional capital from existing partners and hedge fund Qube Research & Technologies, Bloomberg reported, citing an OKX press release.
4.8 based on 40K reviews in the App Store and Google Play
Circle Internet Group, Ripple and Standard Chartered's venture arm SC Ventures all participated in the extension. OKX declined to disclose the new capital amount.
The company said the deal is an extension of its March round, when Intercontinental Exchange, parent of the New York Stock Exchange, invested roughly $200 million at the same $25 billion valuation.
The latest top-up underscores continued interest from TradFi institutions and major crypto firms in large centralized exchanges, even as regulatory pressure and spot market volumes have weighed on parts of the sector.
