March 5 (Reuters) – OKX, one of the world’s largest cryptocurrency exchanges, was valued at $25 billion after it received a minority investment from Intercontinental Exchange, the NYSE parent said on Thursday.
The investment, which values OKX well above recent market entrants Bullish and Gemini, underscores how major Wall Street institutions are racing to develop digital-asset infrastructure as crypto evolves into a key segment of mainstream finance.
Some details about the strategic tie-up:
(Reporting by Ateev Bhandari and Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
Comments