OKX exchange raises fresh capital at $25B valuation
Cryptocurrency exchange OKX has raised an undisclosed amount of follow-on capital at a $25 billion valuation from existing partners and investors, the company said. Participants in the extension included Standard Chartered’s SC Ventures, Qube Research & Technologies, Ripple and Circle, and the round builds on a $200 million investment announced in March from Intercontinental Exchange (ICE).
Why It Matters
A new infusion at a $25 billion valuation underscores continued institutional support for OKX as it seeks to expand beyond trading into broader financial technology services. The timing coincides with regulatory-facing moves, including a joint venture filing with ICE to offer tokenized stock trading in the U.S.
Key Facts
- Valuation: $25 billion
- Amount raised: Undisclosed
- Notable participants: SC Ventures (Standard Chartered), Qube Research & Technologies, Ripple, Circle
- Earlier round: $200 million from Intercontinental Exchange (ICE) in March
- Purpose: To support transition into a broader global financial technology platform
OKX said it has secured an additional, undisclosed capital infusion at a $25 billion valuation from existing partners and investors. The exchange named Standard Chartered’s SC Ventures, Qube Research & Technologies, Ripple and stablecoin issuer Circle among participants in the latest extension round. The company declined to reveal the total size of the fresh investment. OKX described the raise as an extension of a March financing when it accepted $200 million from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, at the same valuation. OKX founder and CEO Star Xu said the new funds are intended to help the firm evolve into a broader global financial technology platform that marries crypto technology with the operational standards expected of major financial institutions. The announcement frames the capital as supporting an expansion of services beyond core crypto trading. The update arrives as OKX and ICE have moved into a regulatory process in the U.S.; the two firms’ joint venture filed with the Securities and Exchange Commission on Monday to launch a tokenized stock trading platform using the regulator’s innovation exemption. OKX’s statement announcing the raise was shared with Cointelegraph.
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