Cryptocurrency trade OKX has relaunched its U.S. operations simply weeks after settling authorized points with federal authorities. The corporate has now rolled out a brand new centralized buying and selling platform and a self-custody Web3 pockets for US customers, appointed a brand new regional CEO, and opened its American headquarters in San Jose, California.
This US market re-entry follows OKX’s February 2025 settlement to pay over $504 million in penalties. That settlement stemmed from a responsible plea associated to earlier unlicensed operations within the US, the place the Division of Justice acknowledged the trade dealt with over $1 trillion in US buyer transactions with out correct authorization.
Associated: OKX Wins Main European MiFID II License: To Begin Regulated Crypto Derivatives Buying and selling
The settlement concluded months of investigation into OKX’s adherence to anti-money laundering (AML) and licensing legal guidelines. Working formally within the US now locations the trade beneath direct regulatory oversight because it goals to rebuild in one of many world’s most demanding monetary markets.
Who Will Lead OKX’s New US Compliance Push?
OKX appointed Roshan Robert because the chief govt for its new American division. Robert comes from a capital markets and regulatory compliance background, expertise the corporate emphasised is vital for aligning with evolving US digital asset guidelines.
OKX acknowledged Robert will deal with partaking with U.S. regulators and guiding the platform’s compliance technique. “With the U.S. advancing crypto regulatory readability, we see great alternatives to ship safe, compliant digital asset options,” Robert stated within the firm’s assertion.
Associated: After Bybit Hack, European Regulators Now Query if OKX Was Concerned
This US relaunch is a part of OKX’s broader international technique. Based in 2017 and primarily based within the Seychelles, OKX just lately expanded its presence in Europe, Asia, and the Center East. The corporate reported over 53 million wallets created through its Web3 service by mid-2024 and helps over 300 digital belongings on its most important trade.
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