Cryptocurrency exchange OKX has resumed its US operations following the resolution of legal issues with federal authorities. The company has launched a new centralized trading platform and a self-custody Web3 wallet for US users, alongside appointing Roshan Robert as CEO of its US division. OKX has also established its US headquarters in San Jose, California.
This re-entry aligns with OKX's February 2025 settlement agreement, which included penalties exceeding $504 million. The settlement arose from a guilty plea related to previously unlicensed operations in the US, where the exchange processed over $1 trillion in customer transactions without proper authorization.
👉 OKX expands global compliance with MiFID II licenses
OKX's Compliance Overhaul and US Strategy
The settlement marked the culmination of a multi-month investigation into OKX's anti-money laundering (AML) and licensing compliance. Now operating legally in the US, the exchange faces direct regulatory oversight as it seeks to rebuild trust in one of the world's most stringent financial markets.
Leadership for the US Compliance Initiative
Roshan Robert, newly appointed CEO of OKX US, brings extensive experience in capital markets and regulatory compliance. His background positions him to navigate the evolving digital asset regulatory landscape effectively.
OKX emphasized Robert's role in engaging with US regulators and shaping the platform's compliance strategy. In a company statement, Robert said:
"We believe clarity in crypto regulations presents a major opportunity for the US to deliver secure, compliant digital asset solutions."
OKX's Global Expansion and Web3 Growth
This US relaunch is part of OKX's broader international strategy. Founded in 2017 and headquartered in Seychelles, OKX has expanded across Europe, Asia, and the Middle East. By mid-2024, the company reported:
- Over 53 million wallets created through Web3 services
- Support for 300+ digital assets on its main exchange
- Strategic regulatory partnerships worldwide
👉 Explore OKX's compliant trading solutions
FAQs About OKX's US Relaunch
Q: What prompted OKX's return to the US market?
A: OKX resumed US operations after resolving legal issues and implementing enhanced compliance measures under its 2025 settlement agreement.
Q: How does OKX plan to ensure regulatory compliance?
A: Under CEO Roshan Robert's leadership, OKX will prioritize engagement with US regulators and implement robust compliance protocols.
Q: What services are available to US users?
A: US customers can access a new trading platform and Web3 wallet, designed specifically for regulatory compliance.
Building Trust Through Compliance
OKX's US reboot demonstrates its commitment to operating within regulatory frameworks while delivering innovative cryptocurrency solutions. The appointment of an experienced compliance-focused CEO and establishment of a physical US headquarters reflect this long-term strategic approach.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Readers should conduct independent research before making financial decisions.
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