According to a recent report, OKX, a leading global cryptocurrency exchange, is investigating the possibility of an early public offering (IPO) in the US.
This development caused an increase in OKB, the native token of the exchange. It rose 5.39%, backing up a wider market downward trend.
OKX Eyes US IPO
Information reported on OKX’s potential plans in the latest article. Furthermore, market watchers suggested that OKX is likely to pursue a “split list” strategy. He added that in addition to OKX, Binance Us might also consider following the IPO path.
The IPO follows the company’s re-entry into the US market in April 2025. Beincrypto reported in February that the exchange had reached a $504 million settlement with the U.S. Department of Justice (DOJ).
In mid-April, OKX restarted its centralized exchange and wallet services domestically. He also established a new US headquarters in San Jose, California, and appointed former director of Barclays Investment Bank Roshan Robert as new CEO.
This re-entry was part of a broader compliance-driven approach, including strengthening due diligence and the KYC process, in line with US regulatory standards. Furthermore, recent regulatory milestones, such as full compliance with the EU market in the Crypto-Assets (MICA) framework and the appointment of a new Chief Justice Officer, highlight further its operational legitimacy and commitment to market expansion.
“Our entry into the US is more than a market expansion, it’s a commitment to responsible growth. As regulations evolve, OKX works closely with US regulators and policymakers to ensure they operate transparently and intricately,” Robert said in a previous blog.
In particular, this news had a positive impact on OKB. At the time of writing, the token was trading at $53.6. This performance was in contrast to the broader market, which fell 3.2% over the same period.
Performance at OKB token price. Source: Beincrypto
OKX’s potential IPOs are part of a larger trend among crypto companies seeking a list of public markets. In late May, Circle began an initial public offering of 24 million shares of Class A common stock. Earlier this month, Gemini also applied for an IPO, but Kraken is considering a similar plan.
These moves are responding to a more favorable regulatory environment under the current US administration, which has expressed support for the crypto industry.