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Seychelles-based cryptocurrency exchange OKX is set to make a comeback to the US market. The move follows a $505 million settlement with the Department of Justice which has allowed them to clear previous regulatory hurdles. As part of their US re-entry OKX has appointed former Barclays director Roshan Robert as the US CEO who will oversee the launch of their centralized crypto exchange and the establishment of a new regional headquarters in San Jose California.
Robert expressed excitement about the launch highlighting that all existing Okcoin users will be migrated to the new platform. This migration is expected to enhance user experience by offering deeper liquidity lower fees and more sophisticated trading tools. The phased rollout will begin with new customers to ensure a smooth secure onboarding process with a broader nationwide launch anticipated later in the year.
Additionally the exchange has planned integrations with local banks and will support major assets such as Bitcoin and Ether. OKX is also introducing its OKX Wallet to US customers which supports 130 blockchains and includes a decentralized exchange aggregator. This expansion marks a significant step towards achieving OKX’s goal of setting the global standard for compliance in the cryptocurrency sector.
