OKX Officially Relaunches In the US
On April 16, 2025, OKX, a crypto asset exchange and Web3 technology firm based in Seychelles, announced its official entry into the US crypto market. US residents will soon gain access to OKX’s centralized trading platform and Web3 digital wallet.
In line with its strategy to develop a crypto super app, OKX will introduce new features throughout the year. As part of its US expansion, OKX will efficiently migrate current OkCoin clients to its network. This growth initiative aims to enhance user experience by providing increased available volume, superior trading options, and reduced fees.
Offering a Fresh Alternative for America
We’re excited to officially launch our centralized trading platform and powerful multi-chain Web3 Crypto wallet in the US.
Roshan Robert will spearhead our expansion as the US CEO, with our base located in San Jose, California.
More:… pic.twitter.com/VaACoqIydn
— OKX (@okx) April 16, 2025
Currently ranking as the third-largest spot exchange, OKX handles over $2.4 billion in daily trading volume. To facilitate its US expansion, the company plans to establish a regional headquarters in San Jose, California.
With a nationwide launch set for later this year, OKX has initiated a gradual rollout to onboard new clients securely and efficiently.
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OKX to Launch an International Regulation Initiative with Enhanced Due Diligence
Robert emphasizes that OKX’s foray into the largest financial trading market aligns with the company’s vision of offering a secure, user-friendly network catering to both novice and seasoned traders.
This expansion follows a settlement made by an OKX subsidiary with the Department of Justice (DOJ) in February 2025, where they agreed to pay $500 million in fines for operating in the US without the necessary money transmitting license.
Alongside its US expansion, OKX is making significant strides in the Middle East. On April 10, 2025, the firm announced a collateral mirroring initiative in partnership with Standard Chartered.
This innovative program allows institutional clients to utilize cryptocurrency and tokenized money market funds as trading collateral while keeping assets off the trading network. The initiative was established under the oversight of the Dubai Virtual Asset Regulatory Authority (VARA).
Assets are retained with a regulated custodian to enhance capital efficiency and mitigate counterparty risks. Additionally, Franklin Templeton is participating in this initiative, providing tokenized money market funds that will be accessible on OKX’s network.
Meanwhile, asset manager Brevan Howard Digital is among the pioneering institutional participants in this pilot project.
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Roshan Robert Designated As CEO Of US Operations
Former Hidden Road partner Roshan Robert has been appointed as the CEO of OKX’s US operations. He has previously held positions as COO and CCO of the Hidden Road Group. In Wednesday’s news, Robert expressed his enthusiasm to “expand access to digital assets in a safe, transparent, and compliant manner.”
He mentioned, “We are commencing with a phased approach for onboarding new customers to ensure a smooth and secure process, with a more extensive nationwide launch slated for later this year.”
The OKX digital wallet is compatible with over 130 blockchains and offers five trading modes, making it suitable for traders at all experience levels within the crypto space. It includes a Decentralized Exchange (DEX) aggregator that provides access to over 10 million tokens on reputable and established networks such as Ethereum, Solana, Base, etc. Furthermore, the crypto wallet features an AI-driven Web3 navigation tool designed to simplify research and help users identify gaining momentum tokens easily.
Residents in the US can now trade trending cryptocurrencies such as BTC, USDT, and USDC while maintaining a connection to traditional finance through seamless integration with local bank accounts.
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Key Takeaways
- Roshan Robert, who has previously held positions at Hidden Road Group, is now the CEO of OKX’s operations in the United States.
- OKX has selected San Jose, California, as its new US headquarters.
- The US relaunch of OKX follows a $500 million settlement with the Department of Justice.
The article OKX Officially Reboots In the US appeared first on 99Bitcoins.
