OKX Returns to US Market, With Phased Launch & Enhanced Platform

After resolving a federal investigation, Seychelles-based cryptocurrency exchange OKX is reentering the U.S. market. The company announced it will launch its centralized crypto exchange and OKX Wallet in the United States with the appointment of Roshan Robert as US CEO. Robert stated that the exchange will be officially operational in San Jose, California, and migrating existing users to the new platform. This update comes after a $505 million settlement for operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering (AML) laws.