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Crypto exchange OKX has completed a financing round at a $25 billion valuation, with Standard Chartered Bank and Circle among the investors.

41 minutes ago

According to Bloomberg News, cryptocurrency exchange OKX has closed a new round of financing at a $25 billion valuation, with existing partners and hedge fund Qube Research & Technologies participating in the round. OKX said Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered, all took part in this financing round. OKX declined to disclose the exact amount raised, but noted that this round is an extension of its financing in March this year. Back then, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, invested roughly $200 million in OKX at the same $25 billion valuation.

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OKX Star: The financing is not driven by capital requirements, but rather to select long-term strategic partners.

OKX founder and CEO Star posted a statement welcoming Circle, Ripple, and SC Ventures as investors in OKX. OKX clarified that this financing was not driven by capital needs, but rather to onboard strategic partners that share long-term vision alignment with the exchange in areas including stablecoins, payments, institutional markets, and next-generation financial infrastructure. Prior reports noted that OKX closed its financing round at a $25 billion valuation, with SC Ventures (the investment arm of Standard Chartered) and Circle among the participants.

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