Crypto: OKX valued at $25 billion, Circle and Ripple enter capital

New investors to support its development. OKX has reportedly expanded its funding round to Circle, Ripple, SC Ventures and Qube Research & Technologies, according to Bloomberg information reported on October 6. The operation would maintain the valuation of the platform at $25 billion, with no amount raised communicated.

This extension would extend the financing from March 2026, marked by the entry into the capital of Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. The new capital is reportedly expected to support the long-term development of OKX's market infrastructure.

Key Points

Circle, Ripple, SC Ventures and Qube Research & Technologies are among the investors named.

The valuation would remain identical to that retained during ICE's investment in March.

The amount raised and the stakes acquired are not specified.

Circle, Ripple and SC Ventures would expand the circle of OKX investors

The four names announced bring together several digital finance professions. Circle issues USDC, while Ripple develops payment services and infrastructure for digital assets. SC Ventures is the investment and venture creation arm of Standard Chartered. Qube Research & Technologies, or QRT, is a quantitative manager based in London.

Their participation would give an additional strategic dimension to the financing. For OKX, bringing together these profiles in capital could facilitate exchanges with players in stablecoins, banking services and institutional investment. However, no new trade agreement can be inferred from their participation alone.

The operation would extend the investment announced by ICE on March 5. The group then confirmed a valuation of $25 billion as well as obtaining a seat on the board of directors, without disclosing the financial terms.

Seven months later, this extension would therefore retain the same valuation reference. Its financial impact nevertheless remains difficult to measure: without an amount or detailed conditions, it is impossible to quantify the additional resources provided or the dilution of existing shareholders.

Financing in line with OKX’s institutional ambitions

The partnership with ICE provides insight into this direction. In March, the two groups announced plans regarding market data, clearing, risk management and digital asset custody. Notably, ICE planned to use OKX spot prices to launch regulated futures contracts in the United States. These announcements described collaboration objectives, not services that were all already operational.

This approach supports the American development of the platform. On April 16, 2025, OKX announced the launch of its exchange and its wallet in the United States, with a regional headquarters in San José and Roshan Robert at the American management.