Crypto exchange OKX has secured fresh funding at a $25 billion valuation from Qube Research & Technologies (QRT), a global quantitative hedge-fund manager, alongside existing investors Circle, Ripple and Standard Chartered’s SC Ventures, Bloomberg reported Tuesday.
OKB, the native token of the OKX ecosystem, rose about 6% to $138 on the financing news, which extends the crypto exchange’s March funding round, in which Intercontinental Exchange invested $200 million at the same valuation. The deal also gives the New York Stock Exchange owner a direct stake in one of the world’s largest crypto exchanges.
