Crypto

OKX raises capital at $25B valuation as it expands beyond crypto exchange

Crypto exchange OKX raised fresh capital at a $25 billion valuation, extending a March round led by NYSE parent ICE, with new investors including Standard Chartered, Circle and Ripple.

The company is increasingly positioning itself as a global fintech platform spanning crypto trading, payments and tokenized assets, following its investment and joint venture with ICE.

For beginners A funding round at a given valuation shows how much investors are willing to pay for a stake in the company; raising capital from banks and payment giants typically signals a firm wants to expand beyond crypto trading into adjacent financial services.