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Almost a month ago, OKX announced its expansion into the US.
To lead the expansion, OKX tapped Roshan Robert, who has been in many Tradfi-Crypto roles throughout his career.
On paper, expansion makes sense. OKX wants a piece of American pie.
But Robert told me he actually joined OKX in September, in front The path to advance was clearer and it seemed Gary Gensler, chairman of the SEC, was still in charge.
“Before I knew what the election would look like, I joined (OKX). For years I have believed that public blockchain is the future of finances,” he said.
He told me. The team then plotted the next step, but later found to include the California headquarters.
“Many things have evolved since I was in attendance, with the clarity of regulations that have been awaited in the US, and proper expansion in the US is a more stable environment,” he continued.
OKX has the opportunity to expand with a “strong compliance and risk management focus”, with the goal of providing seamless on-ramp and low rates for its users. The team also aims to ensure that it attracts institutional clients between risk management and liquidity.
But it’s definitely a busy arena, and from the appearance of things, both Kraken and Coinbase have made a billion dollar acquisition to distinguish their offering.