OKX Re-Enters U.S. Market With New California Headquarters
Just two months after settling a massive $500 million fine with the U.S. Department of Justice (DOJ), crypto exchange OKX is preparing for a regulated comeback — this time, with a firm focus on compliance.
In a recent press release, Seychelles-based OKX announced its plans to launch a U.S. headquarters in San Jose, California, and roll out services tailored for the American market. The offerings will include a centralized cryptocurrency exchange and wallet services, all built around a rebranding strategy aimed at rebuilding trust with regulators and users alike.
Phased Rollout and Compliance Focus
OKX stated that its U.S. expansion will be gradual, starting with a select number of states, and eventually expanding nationwide by the end of the year. After previously operating without a money-transmitting license — the primary cause of its DOJ penalty — the company is now emphasizing regulatory compliance as it charts a new course forward.
New Leadership for a New Chapter
To lead this next phase, OKX has appointed Roshan Robert as CEO of OKX U.S. Robert brings deep experience from his former role at crypto prime broker Hidden Road, which was acquired by Ripple for $1.25 billion.
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“With Roshan leading our U.S. operations and our new San Jose headquarters, we’re reinforcing OKX’s commitment to regulatory excellence, responsible innovation, and talent recruitment,”
— Hong Fang, OKX Global President
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