OKX has expanded into the U.S., launching its trading platform in 46 states and Washington, D.C., and appointing Roshan Robert as its new U.S. CEO.
The company also set up a new headquarters in San Jose, California, and unveiled a self-custody wallet supporting over 130 blockchains, offering features like token swaps, cross-chain transfers, NFT access, and Web3 app integration.
OKX is reentering the U.S. crypto market with a revamped exchange and Web3 wallet, following a $505 million settlement with the Department of Justice over past regulatory violations.
The company has appointed former Barclays executive Roshan Robert as its new U.S. CEO and established a headquarters in San Jose, California. A phased rollout will begin with existing OKCoin users, expanding nationwide later in the year with support for major cryptocurrencies and bank integrations.
To ensure compliance, OKX has implemented enhanced oversight measures, including a proof-of-reserves program audited by Hacken and a robust risk-based compliance system.
The firm stated that users involved in the DOJ probe are no longer on the platform, and it has hired a compliance consultant to strengthen its regulatory framework.
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