OKX Expands into US with New Exchange & Wallet

OKX, a leading cryptocurrency exchange, has launched its services in the United States with a new centralized exchange and wallet, marking a significant step forward in its expansion strategy. Roshan Robert, renowned for his experience at Morgan Stanley and Barclays, has been appointed as CEO of this initiative. The launch follows a $500 million settlement with the Department of Justice to ensure regulatory compliance. The move comes after a period of market volatility, where BTC price fell slightly under $84,000 and ETH dipped below $1,600 at the announcement time. This initial reaction showcases cautious market behavior in response to new regulatory-compliant platforms. Roshan Robert’s extensive background in finance positions him to navigate the U.S. regulatory landscape effectively, aiming to provide a secure digital asset experience for users. The OKX Wallet integration with over 10 million tokens may boost on-chain activity and adoption.