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According to recent reports, OKX, a leading global cryptocurrency exchange, is exploring the possibility of an initial public offering (IPO) in the United States.
This development has sparked an uptick in the exchange’s native token, OKB. It rose 5.39%, bucking the broader market downtrend.
OKX Eyes US IPO
The Information reported on OKX’s potential plans in its latest article. Moreover, a market watcher suggested that OKX will likely pursue a “split listing” strategy. He added that besides OKX, Binance US might also consider following the IPO path.
The IPO follows the company’s reentry into the US market in April 2025. BeInCrypto reported that the exchange reached a $504 million settlement with the US Department of Justice (DoJ) in February.
In mid-April, OKX re-launched its centralized exchange and wallet services in the country. It also established a new US headquarters in San Jose, California, and appointed Roshan Robert, former Director of Barclays Investment Bank, as its new CEO.
This reentry was part of a broader compliance-driven approach, including enhanced due diligence and KYC processes, to align with US regulatory standards. Moreover, the company’s recent regulatory milestones, including full compliance with the EU’s Markets in Crypto-Assets (MiCA) framework and the appointment of a new chief legal officer, further underline its commitment to operational legitimacy and market expansion.
“Our entry into America is more than a market expansion—it’s a commitment to responsible growth. As regulations evolve, OKX is working closely with US regulators and policymakers to ensure we operate transparently and compliantly,” Robert stated in a previous blog.
Notably, the news positively impacted OKB. At the time of writing, the token was trading at $53.6, marking an appreciation of 5.39% over the past day. This performance contrasted with the broader market, which fell 3.2% in the same period.
OKB Token Price Performance. Source: BeInCrypto
OKX’s potential IPO is part of a larger trend among crypto-related firms seeking public market listings. In late May, Circle launched the initial public offering of 24 million shares of its Class A common stock. Earlier this month, Gemini also filed for an IPO, while Kraken is also considering similar plans.
These moves are a response to a more favorable regulatory environment under the current US administration, which has expressed support for the crypto industry.
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