OKX Returns to U.S. Market with New Exchange, Wallet Services

OKX, a global digital asset platform, has officially returned to the United States, marking its re-entry into one of the most heavily regulated digital asset marketplaces. The relaunch includes the opening of a new centralized exchange and a Web3 wallet service, along with the establishment of a regional headquarters in San Jose and the appointment of a new CEO to oversee operations in the United States.

This move signifies OKX's first major foray into the U.S. market, aiming to increase its global financial presence. The company has introduced its centralized cryptocurrency exchange and the OKX Wallet, which supports over 130 blockchains and offers secure storage, cross-chain transfers, and connection to NFTs, DeFi, and Web3 apps. The exchange enables users to buy, sell, and exchange major cryptocurrencies like BTC, ETH, USDT, and USDC, and integrates with U.S. bank accounts for instant fiat-to-crypto conversions.

The relaunch follows a $500 million deal with the Department of Justice and was announced on April 15. The new platform features a redesigned centralized exchange, a self-custody Web3 wallet, and the appointment of Roshan Robert as CEO for the United States. Existing OKcoin users will be migrated to the new platform, with new users being added gradually throughout the year. Robert indicated that conversations with regulators began in mid-2024, and the company had spent over a year upgrading its compliance system in preparation for its return.

Hong Fang, Global President of OKX, emphasized the company's commitment to regulatory excellence, responsible innovation, and talent recruitment. The U.S. is a key part of OKX’s global growth strategy, and the company is excited to continue expanding its presence in the region. OKX’s relaunch strategy is part of its broader global expansion plan, which includes Latin America, the Middle East, and Southeast Asia. However, reestablishing a strong foothold in the United States, the largest cryptocurrency market, is a top objective for the corporation.

OKX intends to launch services for institutional clients, including staking, fiat on-ramps, and advanced trading tools, once regulatory licenses are obtained. To improve its operational infrastructure, the company plans to form relationships with fintech firms and compliance providers situated in the United States. The return to the U.S. market is a significant leap for OKX and the crypto space’s efforts to balance innovation with regulatory compliance. With a licensed exchange, a safe self-custody wallet, new management, and a strategic presence in Silicon Valley, OKX is positioned to rebuild its presence—this time on firmer, compliance-driven ground.