OKX officially enters the US market after reaching $500 million agreement... Establishes headquarters in California

Cryptocurrency exchange OKX has launched a centralized trading platform and wallet service in the United States, marking its full-scale market entry.
According to The Block on the 16th (local time), OKX held a press conference in San Jose, California on the same day.
The company established its regional headquarters in New York, New Jersey, and appointed Rosh Robert, a former member of Morgan Stanley and Barclays, as its US CEO.
"Our US customers can now take advantage of OKX's high-performance platform, and we will be releasing a range of new features this year," Robert said in a statement.
"We plan to unveil it to the public," he said, "and we are moving forward with our vision of building a cryptocurrency super app." In order to enter the US market, OKX is
The company plans to transfer users of the US exchange OKCoin to the OKX platform. The service will be gradually expanded, with the official launch across the US expected at the end of 2025.
The move comes after OKX signed a $500 million agreement with the U.S. Department of Justice (DoJ) in February last year. At the time, Auxiliary Systems, one of OKX's operating companies,
Cayes FinTech was under investigation for allegedly operating a money transfer business without a license in the United States, and OKX previously described the entity in question as "one of several affiliated companies."
OKX agreed to pay more than $500 million in total, including $84 million in fines and approximately $421 million in revenue from U.S. customers. OKX said those customers are now using the platform.
The company emphasized that it did not use the system and that no customers were harmed.