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OKX Cryptocurrency Exchange Enters the US Market

OKX Cryptocurrency Exchange Enters the US Market

The cryptocurrency exchange OKX has officially launched its centralized crypto exchange and Web3 wallet in the United States.

Roshan Robert has been appointed as the CEO of the regional division. The headquarters of OKX US will be located in San Jose, California.

According to the statement, the platform will add new features for US users throughout the year. Existing OKCoin customers will be migrated to OKX. New registrations for residents of the country will gradually open nationwide by December.

“Expanding into the United States is not just about growing our business, but a solemn commitment to ‘responsible growth.’ In a changing regulatory environment, we are working closely with regulators and policymakers to ensure reliable operations on a transparent and compliant basis,” Robert emphasized.

In February, OKX settled claims from the US Department of Justice regarding the provision of financial services without registration and the evasion of implementing KYC/AML programs. The exchange agreed to pay over $504 million in fines and restitution.

In the same month, OKX became one of the first centralized exchanges to passport its services in the countries of the European Economic Area, in accordance with the MiCA license.

Earlier, the financial regulator of Malta fined OKX €1.1 million for AML violations in 2023.

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