OKX Relaunches in U.S. After DOJ Settlement

OKX, a Seychelles-based cryptocurrency exchange, has relaunched its U.S. operations after settling with the Department of Justice for over $500 million due to prior unlicensed activity. The relaunch includes a new centralized trading platform, a self-custody Web3 wallet supporting over 130 blockchains, and phased onboarding of former Okcoin users as well as new customers across most states. OKX has established its U.S. headquarters in San Jose, California, and appointed former Barclays executive Roshan Robert as U.S. CEO. The platform offers seamless integration with local banks for USD transactions, lower fees, greater liquidity, and enhanced trading tools. U.S. regulators, including the SEC and DOJ, have recently softened their stance on the crypto sector, dropping several enforcement actions. OKX emphasizes robust compliance, risk management, and transparency, including regular proof-of-reserves audits, as it seeks to position itself as a secure and innovative player in the expanding U.S. crypto market.