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- OKX
OKX Revenue, Valuation, Funding & Investors
OKX is valued at $25B as of March 2026, a 13.2x multiple on its last reported $1.9B revenue.
Last OKX valuation
$25B
Strategic investment · Mar 2026
Last OKX funding round
$200M
Strategic investment · Mar 2026
OKX revenue
$1.9B
Strategic investment · Mar 2026
Key investors in OKX
About OKX
OKX is a Seychelles-headquartered cryptocurrency exchange ranking second globally by trading volume. It supports 350-plus tokens and 100 fiat currencies, offering spot trading, futures, and an NFT marketplace. OKX releases monthly Proof of Reserves and provides a Web3 wallet for decentralized assets, serving professional traders worldwide.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$1.9B (Mar 2026)
Valuation
$25B (Mar 2026)
OKX Valuation
OKX is currently valued at $25B, based on its strategic investment round in March 2026.
The $200M round was led by Intercontinental Exchange.
OKX valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Strategic investment | $25B | 13.2x |
OKX Revenue
OKX's latest recorded revenue is $1.9B, as of its strategic investment round in March 2026. At a $25B valuation, that implies a 13.2x revenue multiple.
OKX revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2026 | $1.9B | $25B | 13.2x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
OKX Funding History
OKX has raised a total of $200M across 1 funding round.
OKX funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Mar 2026 | Strategic investment | Intercontinental Exchange (lead) | $200M | $25B |
Who has invested in OKX?
1 investor has backed OKX across its funding rounds, including Intercontinental Exchange.
Lead investors include Intercontinental Exchange.
OKX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by OKX
OKX has invested in 3 companies to date.
Latest investment by OKX was on July 17th 2023. OKX invested in Ethena in their $7M Seed round.
Latest Investments by OKX
| Description | Ethena is a DeFi protocol on the Ethereum blockchain that issues USDe, a synthetic dollar stablecoin backed by delta-hedged positions in Bitcoin, Ethereum, and Solana alongside short futures on exchanges like Binance and Bybit. It also offers sUSDe, a staked version capturing yields from funding rates, basis trades, and liquid staking rewards. The ENA governance token facilitates decisions on treasury allocation, risk parameters, and protocol upgrades through the Ethena DAO. Launched in 2024, Ethena integrates with lending platforms like Aave and Morpho, as well as exchanges including Bybit and OKX, achieving rapid growth in total value locked across Ethereum and Layer 2 networks like Arbitrum and Optimism. | Dragon Kart is a 3D racing esports game constructed on blockchain technology. Players engage in skill-based battles and races, earning rewards through competitive gameplay on dragonkart.com. | Qtum is a Singapore-headquartered public blockchain platform combining Bitcoin's UTXO security with Ethereum's EVM smart contracts and an x86 virtual machine. Launched in 2017, it uses proof-of-stake consensus and a Decentralized Governance Protocol for parameter adjustments without hard forks. The network supports decentralized applications in DeFi and supply chain tracking. |
| HQ Country | |||
| HQ City | Lisbon | Hanoi | Singapore |
| Deal Date | 17 Jul 2023 | 28 Oct 2021 | 11 Jan 2017 |
| Round | Seed | Seed | Seed |
| Raised | $7M | $1M | $1M |
| Investors | Arthur Hayes; Wintermute Ventures; Putnam Premier IT; BitMEX; Dragonfly; Maelstrom; Gemini Space Station; GSR; Bybit; Daniel Dizon; Deribit | LuaVentures; BSCStation; Bigcoin Capital; NGC Ventures; LaunchZone; Shima Capital; Alpha Moon Capital; Signum Capital; VBC Ventures; AU21 Capital; TomoChain | Bo Shen; Tally Capital; Nirvana Capital; Matthew Roszak; Xiaolai Li; Anthony Di Iorio; Redline DAO; Continue Capital; Jason Fang; Mingxing Xu |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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OKX Competitors
OKX competitors include listed companies like Circle, BitMine and Coinbase, and private ones like Kraken, Crypto.com and Blockchain.com.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.7B | ($73M) | $22B | 6.8x | ||
| Private | $2.2B | $531M | $21B | 9.5x | ||
| Private | $1.5B | - | $20B | 13.3x | ||
| Publicly listed | $6M | ($364M) | $14B | 97.4x | ||
| Private | - | - | $14B | - | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x |
OKX Public Comps
OKX is still privately-owned, but its public comps include Circle, BitMine, Bullish, Galaxy Digital, Coinbase, Block, Hyperliquid Strategies, Sharplink, Securitize and OSL Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
| $6M | ($364M) | 2308.9x | 97.4x | (38.6x) | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $7.2B | $1.8B | 6.1x | 7.6x | 24.2x | 27.2x | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
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Common questions about OKX
| When was OKX founded? | OKX was founded in 2013. |
| Where is OKX headquartered? | OKX is headquartered in Victoria, Seychelles. |
| Is OKX publicly listed? | No, OKX is a private, VC-backed company. |
| What is OKX's valuation? | OKX was last valued at $25B in its strategic investment round in March 2026. |
| How much funding has OKX raised? | OKX has raised $200M across 1 funding round. |
| What was OKX's last funding round? | OKX's last funding round was a $200M strategic investment round in March 2026, led by Intercontinental Exchange. |
| Who are OKX's investors? | OKX's investors include Intercontinental Exchange. |
| What is OKX's revenue? | OKX's latest recorded revenue is $1.9B (March 2026). |
| What is OKX's revenue multiple? | OKX's latest valuation implies a 13.2x revenue multiple ($25B valuation on $1.9B of revenue). |
| Which companies are comparable to OKX? | Companies comparable to OKX include Circle, Kraken, Crypto.com, BitMine, Blockchain.com and Coinbase. |
| How many companies has OKX invested in? | OKX has invested in 3 companies, including Ethena, Dragon Kart and Qtum. |
| What was OKX's last investment? | In July 2023, OKX invested in Ethena's $7M seed round alongside Arthur Hayes, Wintermute Ventures, Putnam Premier IT and 8 other investors. |
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