OKX completed financing with a valuation of 25 billion USD, with participation from Standard Chartered Bank and Circle

According to Bloomberg, cryptocurrency exchange platform OKX has completed a new round of financing with a valuation of $25 billion, with existing partners and hedge fund Qube Research & Technologies participating in the investment.

OKX stated that Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered Bank, all participated in this round of financing. OKX declined to disclose the specific amount of financing but indicated that this round is an extension of the financing from March of this year. At that time, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested approximately $200 million in OKX at the same valuation of $25 billion.