Cryptocurrency exchange OKX, headquartered in Seychelles, is expanding its operations to the United States with a new regional headquarters in San Jose, California. The exchange plans to offer its platform and OKX Wallet to U.S.-based crypto traders, emphasizing responsible growth and adherence to U.S. regulations.
Roshan Robert, the new U.S. CEO, has stated that OKX is collaborating with U.S. regulators to ensure transparent operations. The company has developed a compliance program that includes enhanced due diligence and fraud detection measures. It's worth noting that an OKX subsidiary recently settled charges with the Department of Justice for over $500 million related to operating without a money transmitting license.
OKX joins other crypto companies exploring expansion or re-entry into the U.S. market. CoinList recently announced its return after a five-year absence, and Binance is reportedly considering a similar move. Existing OKCoin customers will be transitioned to the OKX platform, which promises improved liquidity and reduced fees.