Cryptocurrency exchange OKX has relaunched its U.S. operations just weeks after settling legal issues with federal authorities. The company has now rolled out a new centralized trading platform and a self-custody Web3 wallet for US users, appointed a new regional CEO, and opened its American headquarters in San Jose, California.
This US market re-entry follows OKX’s February 2025 agreement to pay over $504 million in penalties. That settlement stemmed from a guilty plea related to previous unlicensed operations in the US, where the Department of Justice stated the exchange handled over $1 trillion in US customer transactions without proper authorization.
Related: OKX Wins Major European MiFID II License: To Start Regulated Crypto Derivatives Trading
The settlement concluded months of investigation into OKX’s adherence to anti-money laundering (AML) and licensing laws. Operating officially in the US now places the exchange under direct regulatory oversight as it aims to rebuild in one of the world’s most demanding financial markets.
Who Will Lead OKX’s New US Compliance Push?
OKX appointed Roshan Robert as the chief executive for its new American division. Robert comes from a capital markets and regulatory compliance background, experience the company emphasized is key for aligning with evolving US digital asset rules.
OKX stated Robert will focus on engaging with U.S. regulators and guiding the platform’s compliance strategy. “With the U.S. advancing crypto regulatory clarity, we see tremendous opportunities to deliver secure, compliant digital asset solutions,” Robert said in the company’s statement.
Related: After Bybit Hack, European Regulators Now Question if OKX Was Involved
This US relaunch is part of OKX’s broader global strategy. Founded in 2017 and based in the Seychelles, OKX recently expanded its presence in Europe, Asia, and the Middle East. The company reported over 53 million wallets created via its Web3 service by mid-2024 and supports over 300 digital assets on its main exchange.
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