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OKX Secures $25B Valuation in New Funding Round

6 Oct

Summary

OKX's latest funding round values the crypto exchange at $25 billion.
Existing partners and Qube Research & Technologies joined the funding.
Circle, Ripple, and SC Ventures also participated in the round.

OKX Secures $25B Valuation in New Funding Round

Crypto exchange operator OKX has secured substantial new funding, with the company now valued at $25 billion. This latest financial injection was bolstered by investments from both its existing partners and a notable new participant, hedge fund Qube Research & Technologies.

The funding round saw significant contributions from major players in the digital asset and financial sectors. Circle Internet Group Inc., a prominent stablecoin issuer, participated in the round, alongside blockchain payment firm Ripple. Additionally, SC Ventures, the investment arm of banking giant Standard Chartered Plc, also contributed to the fundraise, signaling broad industry confidence.

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