Catenaa, Friday, April 18, 2025-OKX, a Seychelles-based cryptocurrency exchange, announced Tuesday it is officially launching its services in the United States, months after settling a $500 million case with the US Department of Justice over operating without a proper license.
The expansion includes the debut of its centralized exchange platform and crypto wallet in the US , and the establishment of a new regional headquarters in San Jose, California. OKX has appointed Roshan Robert, a former executive at Morgan Stanley and Barclays, as its new US CEO.
“US customers now have access to our high-performance platform, and we will be rolling out new features throughout the year as part of our vision to build a crypto Super App,” Robert said.
The launch comes after OKX’s affiliate, Aux Cayes FinTech Co. Ltd., was found by the DOJ to have offered services to US users without securing a money transmission license. The February settlement included $84 million in civil penalties and roughly $421 million in forfeited fees. OKX said it has since removed US customers linked to the violations and emphasized that no customer harm was alleged.
The company also announced that users of OKCoin, a US -based exchange under the same ownership umbrella, will be migrated to the OKX platform. A phased rollout of its services is underway, with a nationwide launch scheduled for later in 2025.
The move marks a major push into the US market amid increasingly favorable federal sentiment toward the digital asset sector under President Donald Trump.
