OKX Raises Funding at $25B Valuation From Circle, Ripple, Standard Chartered

The investor roster matters more than the headline number: a stablecoin issuer, a payments-focused chain, and a global bank backing the same exchange signals deepening ties between trading venues and the regulated payments layer. That alignment is what distinguishes this from a purely financial round. The liquidation backdrop is a reminder that such backing does not insulate venues from market stress. Whether these strategic holders convert their stakes into actual product or settlement integration is the open question.