Ripple, Circle, Standard Chartered Back Crypto Exchange OKX at $25B Valuation
OKX raised strategic funding from Ripple, Circle, QRT and Standard Chartered at a $25B valuation to expand stablecoins, payments and tokenized assets.
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TD Cowen analyst Bill Katz downgrades Intercontinental Exchange (NYSE:ICE) from Buy to Hold and lowers the price target from $177 to $166.
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OKX raised strategic funding from Ripple, Circle, QRT and Standard Chartered at a $25B valuation to expand stablecoins, payments and tokenized assets.
Launch comes as average daily volume (ADV) across ICE’s freight markets is up 33% year-to-date. ICE has today launched the first tanker freight futures on the TD34 FFA - Gulf of Oman to China and TD15 FFA - West Africa