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OKX Raises Fresh Capital at $25 Billion Valuation Backed by Circle, Ripple and Standard Chartered
Read this in the Market Flux appCrypto exchange OKX has raised an undisclosed sum of fresh capital at a $25 billion valuation, extending the investment round it completed in March, when the parent company of the New York Stock Exchange led the original deal at that same price. The flat valuation signals that investors are maintaining their conviction in OKX without demanding a step-up in price.
The new backers joining the extension include Circle, Ripple, Standard Chartered's venture arm SC Ventures, and London-based quantitative hedge fund Qube Research and Technologies, known as QRT. The participation of institutional names spanning stablecoin issuance, payments infrastructure, global banking and quantitative finance reflects broad interest from across the financial and crypto sectors in backing one of the world's largest crypto exchanges.
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Sources
- DecryptCircle, Ripple and Standard Chartered Back OKX at Flat $25B Valuation
- Coin TelegraphOKX exchange raises fresh capital at $25B valuation
- CoinGapeMedia🚨 #OKX Raises Capital at $25B Valuation @OKX secured fresh investment from @Circle, @Ripple, @StanChart ’s SC Ventures and QRT at a $25B valuation, extending its March funding round. 🔗 Know more in comments
- Seeking AlphaCrypto exchange OKX valued at $25B in funding round, including Circle, Stanchart
- BusinessCrypto exchange operator OKX has raised new funding at a $25 billion valuation, drawing fresh capital from existing partners and the hedge fund QRT