Bloomberg reported that crypto exchange OKX has raised a new round at a $25 billion valuation, with investors including Circle, Ripple, Standard Chartered’s SC Ventures, and London-based quantitative hedge fund Qube Research & Technologies (QRT). The size of the round was not disclosed. The financing extends OKX’s March raise, when NYSE parent Intercontinental Exchange (ICE) invested about $200 million at the same valuation. OKX said the new capital will be used to strengthen its long-term market infrastructure.