OKX Enters US Crypto Market with Major Expansion

Crypto exchange OKX has made a significant move into the US market, marking a new chapter in its strategy to become fully operational in the United States. This entry follows a $500 million settlement reached earlier this year with the Department of Justice (DOJ), which resolved allegations that the company’s subsidiary, Aux Cayes FinTech, operated without proper licensing for U.S. users. πŸ‡°πŸ‡·πŸ‡ΊπŸ‡Έ OKX has established a new headquarters in San Jose, California and appointed Roshan Robert, a seasoned industry leader with experience at Morgan Stanley and Barclays, to lead operations. πŸ’Ό The exchange is planning to launch a centralized trading platform and its dedicated OKX wallet service for American customers, promising a seamless transition for existing OKCoin users by year-end. πŸš€ πŸ’°