Circle, Ripple, Qube Research & Technologies, and SC Ventures (Standard Chartered’s subsidiary) have invested in the exchange OKX at a $25 billion valuation. This funding round extends the stake taken by NYSE parent Intercontinental Exchange in March. Each of these four investors already supports one layer of OKX’s business, from stablecoin issuance to liquidity and collateral custody. Ripple, whose RLUSD stablecoin trades across more than 280 pairs on OKX, stated that the investment would deepen collaboration around stablecoins, payments, and institutional markets.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
