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Cryptocurrency exchange OKX secured $25 billion in new funding from backers including Circle, Ripple, Standard Chartered, and Qube Research. The round values the company at $25 billion pre-money, extending a March investment from Intercontinental Exchange. OKX plans to launch round-the-clock trading for tokenized shares of 63 U.S. companies and a consumer app paying 10% on dollar stablecoins.
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