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crypto adoption ecosystem
OKX Secures $25B Valuation in Funding Round with Major Partners
The crypto exchange OKX raised fresh capital at a $25 billion valuation, drawing investment from major industry players including Circle, Ripple, and Standard Chartered's venture arm. This funding round aims to support the exchange's transition into a broader global fintech platform focused on payments and tokenized assets. Despite the positive capital influx, the exchange experienced significant market volatility, with over $500 million in crypto long positions liquidated during a recent selloff.
Decrypt, bloomberg public reporting