OKX expands to the US market after $500 million DOJ payments

• OKX is headquartered in San Jose, California, and will launch crypto exchanges and Web3 wallets in the United States.
• The move follows a $500 million DOJ payment for unlicensed operations with Crypto users.
• US CEO Roshan Robert will lead the expansion as OKX pushes regulatory compliance.

Crypto Exchange OKX has officially launched in the US, offering a centralized trading platform and a powerful multi-chain Web3 wallet. The company has appointed Roshan Robert as US CEO and established a new regional headquarters in San Jose, California. This is a major milestone for OKX as it enters the world’s largest financial market.

The expansion follows a $500 million settlement with the US Department of Justice. In February, DOJ claimed that OKX was operating without a license for its US customers. The settlement has settled a claim linked to affiliate Aux Cayes Fintech Co. Ltd.

Roshan Robert, former executive of Barclays and Morgan Stanley, said OKX aims to build a “crypto super app” for American users. As part of the migration, existing Okcoin users will be moved to OKX during the rollout.

To ensure a smooth transition, OKX will be planned for a nationwide launch in the second half of 2025 and will be installed in stages with new users. The platform offers transactions for Bitcoin, Ethereum, USDT and USDC, as well as direct banking integration.

OKX highlighted its commitment to security and compliance. The company publishes monthly certificate reports verified by blockchain security company Hacken. It also employs advanced KYC, AML and fraud detection systems.

OKX Wallet will also be launched in the US and will support over 130 blockchains, including 10 million tokens of Dex aggregator. Users have access to NFTs, gaming apps, social platforms, and AI-driven token discovery tools.

Related: Okx Clo Mauricio Beugelmans departs after $500 million settlement

This strategic move comes amid a new optimism in the US crypto space. President Donald Trump’s administration promoted crypto-friendly policies and called for deeper adoption of digital assets.

However, OKX’s expansion continues to be controversial. The company agreed to pay a DOJ settlement of $500 million over unauthorized money transmissions. The agreement included a forfeitured fee of $421 million and a civil penalty of $84 million. DOJ claimed that OKX intentionally allowed users on its platform.

Despite past issues, OKX said the user was subsequently deleted and the customer was not harmed. The exchange emphasized that its approach now reflects full compliance with US regulations. The company considers entry into the US as a turning point. We want to rebuild trust by providing a transparent, regulated platform for all users. While expansion is underway, OKX has joined the ranks of large exchanges, deepening its roots in the US market.