Catenaa, Monday, June 23, 2025- Global crypto exchange OKX is reportedly considering a US initial public offering following its April relaunch in the American market, according to a report from The Information.
The potential IPO comes just months after OKX settled with the US Department of Justice in February, agreeing to pay $500 million over allegations of operating an unlicensed money-transmitting business. The exchange has since reentered the US market with a regional headquarters established in San Jose, California.
Roshan Robert, former executive at Morgan Stanley and Barclays, now heads the US operations. He said in May the company aims to develop a “super app” tailored to American users. OKX has grown its US team to about 500 employees across San Jose, New York, and San Francisco.
“The US is no longer what you would consider an impossible market,” Robert said in a recent interview, citing improved conditions for crypto businesses.
While OKX has not publicly confirmed any IPO plans, sources say discussions are ongoing. If successful, the offering could position OKX among the few major crypto firms with a US listing, joining the likes of Coinbase.
The move follows a similar confidential filing by Bullish, another crypto exchange backed by billionaire Peter Thiel, for a US IPO earlier this month.
