OKX CEO says new funding was a strategic partnership, not a cash need

Chinese-rooted crypto exchange OKX has raised new investment at a $25 billion valuation, and CEO Star Xu said the funding was driven by strategic alignment rather than a need for capital, Cointelegraph reported. The report added that the investment amount was not disclosed, while participants were said to include Circle, Ripple (XRP), Standard Chartered-backed SC Ventures, and hedge fund Qube Research & Technologies (QRT).