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Recently, cryptocurrency exchange OKX officially announced its entry into the U.S. market. Previously, the company acknowledged operating a remittance business without the necessary regulatory approval and agreed to pay a $504 million fine. Following a settlement with regulators, OKX now offers fully compliant cryptocurrency services to investors in the United States.
Formerly known as OKCoin—founded in China in 2013—OKX is now headquartered in the Seychelles and operates in over 100 countries and regions worldwide. Its U.S.-based entity, OKCoin, has been consolidated under the OKX brand, allowing former OKCoin users in the U.S. to transition to the latest version of OKX and gain access to services such as its Web3 wallet.
With regulatory clearance secured, OKX has officially entered the U.S. market, offering compliant trading services tailored to American users.
The OKX Web3 wallet supports over 130 blockchain networks, enabling users to swap tokens, perform cross-chain transfers, explore NFTs, and access a wide array of popular Web3 applications. This wallet is designed not only for individual retail traders but also for larger institutional investors, offering advanced features and robust support.
OKX’s U.S. operations are led by CEO Roshan Robert, a former Barclays executive with extensive experience in the financial services sector. His leadership is expected to enhance OKX’s capacity to navigate the U.S. regulatory landscape with precision and foresight.
In the official press release, Roshan Robert stated:
“What we are bringing to the U.S. is a new alternative, where we give [them] more freedom to choose. We’re doing this with a strong compliance and risk management architecture that we’ve built over the last year or so … We’ll provide retail users with capabilities of fiat on ramps, low fees, deep liquidity … and we’ll provide institutional customers with institutional rate compliance.”
Currently, OKX ranks fifth among global cryptocurrency exchanges based on traffic, liquidity, and trading volume, placing it alongside leading platforms such as Binance, Coinbase, and Huobi as one of the industry’s foremost brands.
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