OKX Secures $25B Valuation With Ripple, Circle, SC Ventures
OKX raises capital at a $25 billion valuation after securing backing from Ripple, Circle, and Standard Chartered's SC Ventures alongside Qube Research & Technologies.
1 min read
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OKX raises capital at a $25 billion valuation after securing backing from Ripple, Circle, and Standard Chartered's SC Ventures alongside Qube Research & Technologies.
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OKX has introduced OKX Money, a mobile application enabling users in select emerging markets to hold, send, and spend dollar-backed stablecoins. Qualifying USDG balances within the app can earn up to 10% annual percentage yield.
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Crypto exchange OKX secured new funding from Circle, Ripple, and Standard Chartered’s SC Ventures, valuing the company at $25 billion. The capital will support the exchange’s expansion into real-world asset tokenization.
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OKXICE, the joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, has filed to offer tokenized U.S. equities around the clock using the SEC's new innovation exemption framework.
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OKX and Intercontinental Exchange have filed with the SEC to launch a platform offering tokenized shares in over 60 US-listed companies, leveraging the regulator's new innovation exemption.
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BitMEX, the pioneering crypto derivatives exchange, announced it will cease operations on September 23 following a strategic review. Users urged to withdraw funds as the platform winds down after years of regulatory battles and founder pardons.
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