OKX to Expand to the US, Establish Regional HQ in California

In February, the Seychelles-based speech paid the DOJ $500 cardinal to settee charges it had operated successful the U.S. without a wealth transmitter license.

Apr 16, 2025, 2:55 a.m.

Seychelles-based cryptocurrency speech OKX is expanding to the U.S., establishing a caller determination office successful San Jose, California and rolling retired entree to its level and its autochthonal OKX Wallet to U.S.-based crypto traders.

In a Tuesday evening announcement, newly-appointed CEO Roshan Robert said the enlargement was “a committedness to liable growth.” Robert was astir precocious an enforcement astatine organization crypto lending level CLST, and was a founding squad subordinate of crypto premier broker Hidden Road, which was recently acquired by Ripple for $1.25 billion.

“As regulations evolve, OKX is moving intimately with US regulators and policymakers to guarantee we run transparently and compliantly,” Robert wrote. “We’ve built a comprehensive, risk-based planetary compliance programme that includes enhanced owed diligence, a robust KYC process, lawsuit hazard standing systems, precocious fraud detection, AML tools, geo-blocking, and marketplace surveillance technologies. These are each portion of our committedness to a secure, compliant trading environment.”

Two months ago, a subsidiary of OKX settled charges that it had operated successful the U.S. without a wealth transmitting license, agreeing to wage the Department of Justice (DOJ) implicit $500 cardinal successful penalties and forfeited fees. The DOJ alleged that, contempt having an authoritative argumentation prohibiting U.S.-based users from accessing its platform, OKX “sought retired customers successful the United States, including successful the Southern District of New York.”

Read more: After Binance’s $4.3B Lesson, Do Rival Exchanges Risk Running Afoul of U.S. Rules?

OKX is not the archetypal crypto institution to oculus an enlargement oregon a instrumentality to the U.S., which has grown considerably friendlier to the crypto manufacture nether U.S. President Donald Trump’s administration. Earlier this month, token motorboat level CoinList announced a return to the U.S. aft 5 years away, and bigger names — including Binance, the world’s largest crypto speech — are reportedly considering returning to the U.S.

Existing customers of OKCoin, the U.S.-accessible sister institution of OKX, volition beryllium “seamlessly migrated” to the OKX platform, which volition connection customers “deeper liquidity, little fees and precocious trading tools,” according to the company’s motorboat announcement.

Cheyenne Ligon

On the quality squad astatine CoinDesk, Cheyenne focuses connected crypto regularisation and crime. Cheyenne is primitively from Houston, Texas. She studied governmental subject astatine Tulane University successful Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, wherever she focused connected concern and economics reporting. She has nary important crypto holdings.