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OKX Reenters U.S. Market with Fresh Platform, Wallet, and CEO Following $500M DOJ Settlement

16 April 2025
in Crypto, News
Reading Time: 3 mins read
101 8
Home News Crypto

Global crypto exchange OKX has officially returned to the United States market, unveiling a revamped trading platform, a new self-custody Web3 wallet, and a fresh leadership slate—just months after settling a $500 million case with the U.S. Department of Justice.

The company’s comeback, announced via press release on Monday, includes the rollout of a new centralized exchange tailored for U.S. users, with a phased user onboarding plan. OKX also introduced a feature-packed wallet supporting over 130 blockchains and offering access to NFTs, DeFi tools, cross-chain transactions, and AI-powered discovery of trending tokens.

Roshan Robert, a veteran in capital markets and regulatory affairs, has been appointed as the new U.S. CEO. Under his leadership, the firm aims to rebuild trust through transparent operations and strict regulatory alignment.

“With the U.S. advancing crypto regulatory clarity, we see tremendous opportunities to build trust and deliver secure, compliant digital asset solutions,”

Robert said.

Existing U.S. users from the now-defunct OKcoin platform will be migrated to the new OKX infrastructure. Meanwhile, new users will be granted access gradually, leading up to a full public rollout later this year.

To reinforce its U.S. presence, OKX has established a new regional headquarters in San Jose, California. The company says the move will strengthen ties to local tech talent and innovation hubs, while boosting its regulatory engagement efforts.

OKX has also pledged transparency through monthly proof-of-reserves audits, to be verified by blockchain security firm Hacken—enabling users to independently confirm asset backing on the platform.

The relaunch marks a major step for OKX following its February agreement with federal authorities, which required the company to cease unlicensed operations and implement robust compliance oversight until 2027. As part of that commitment, OKX has launched a full compliance program including KYC protocols, fraud monitoring, and external auditing.

This strategic reentry into the U.S. market reflects OKX’s ambitions to become a compliant, user-first platform in one of the world’s most tightly regulated crypto environments.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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