OKX, one of the world’s largest cryptocurrency exchanges, has reached a valuation of 25 billion dollars following its most recent investment round. Reports indicate that the Intercontinental Exchange, the parent company of the New York Stock Exchange, acquired a minority stake in OKX as part of the deal.
This new valuation positions OKX well above several recent entrants in the crypto market, including Bullish at 5.39 billion dollars and Gemini at 1 billion dollars.
Following the announcement, OKX’s native token, OKB, surged dramatically, climbing roughly 37 percent within minutes as traders reacted to the news.
This development marks the latest example of growing institutional involvement in the cryptocurrency sector. Earlier reports highlighted that Morgan Stanley filed for a Bitcoin Trust ETF, while Kraken, a U.S.-based crypto exchange, became the first digital asset firm to obtain a Federal Reserve Master Account.
The investment by the parent company of the NYSE reflects continued confidence from traditional financial institutions in major cryptocurrency platforms, signaling increasing mainstream adoption and recognition of the digital asset market.#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
