OKX Exchange Raises Fresh Capital at $25 Billion Valuation
Cryptocurrency exchange OKX has raised an undisclosed sum at a valuation of $25 billion from its existing partners and investors. The funding round included participation from Standard Chartered’s SC Ventures, Qube Research & Technologies, Ripple, and stablecoin issuer Circle. In March, OKX had already raised $200 million at the same valuation from Intercontinental Exchange, the parent company of the New York Stock Exchange.
Participants and Details of the Funding Round
The latest funding round saw involvement from several key players in the crypto and financial sectors, including SC Ventures — the investment arm of Standard Chartered, Qube Research & Technologies, Ripple, and the stablecoin issuer Circle. OKX representatives declined to disclose the exact amount raised. This round extends the March funding, when OKX previously raised $200 million at the same $25 billion valuation from Intercontinental Exchange (ICE).
OKX's Development Plans and New Ventures
The fresh capital is intended to support OKX's transition into a broader global fintech platform that integrates crypto technologies with the standards expected from traditional financial institutions, highlighted OKX's founder and CEO, Star Xu. Additionally, on Monday, a joint venture between OKX and ICE filed with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform under the regulator’s new innovation exemption.
Why it matters
The fresh funding at a substantial $25 billion valuation indicates sustained growth and investor confidence in OKX from both crypto and traditional finance sectors. The capital infusion will enable the exchange to develop new fintech services, including a tokenized stock trading platform, reflecting the company's drive to integrate innovations into established financial institutions.
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