CoinTelegraph • October 6th 2026, 1:32 PM
OKX exchange raises fresh capital at $25B valuation
Key Summary
Cryptocurrency exchange OKX has raised an undisclosed sum at a $25 billion valuation from existing partners and investors, including Standard Chartered and Ripple, to transition into a broader global financial technology platform.
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Key Takeaways
- OKX raises $25B valuation funding round from existing partners and investors.
- Funding will be used to transition into a broader global financial technology platform.
Market & Token Impact
- The raise marks an extension to the funding round announced in March, when OKX raised $200 million at the same valuation.
- The fresh funding will be used to help OKX transition into a “broader global financial technology platform” that combines “crypto technology with the standards people expect from global financial institutions,” said Star Xu, founder and CEO of OKX.
Broader Context & What's Next
- A joint venture between OKX and ICE filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform, under the regulator’s new innovation exemption.
- OKX Ventures backs RWA stablecoin with Securitize, Hamilton Lane.
- OKX’s expansion into a broader global financial technology platform is expected to have significant implications for the crypto and fintech industries.
#OKX#Crypto#Fintech