OKX exchange raises fresh capital at $25B valuation

Cryptocurrency exchange OKX raised an undisclosed sum at a $25 billion valuation from its existing partners and investors.The round saw participation from Standard Chartered’s SC Ventures investment arm, Qube Research & Technologies, Ripple and stablecoin issuer Circle, OKX announced in a Tuesday press announcement shared with Cointelegraph.OKX declined to disclose the size of the investment round.The raise marks an extension to the funding round announced in March, when OKX raised $200 million at the same valuation from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.The fresh funding will be used to help OKX transition into a “broader global financial technology platform” that combines “crypto technology with the standards people expect from global financial institutions,” said Star Xu, founder and CEO of OKX.On Monday, a joint venture between OKX and ICE filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform, under the regulator’s new innovation exemption.Related: OKX Ventures backs RWA stablecoin with Securitize, Hamilton LaneCointelegraph is committed to independent, transparent journalism. T...