OKX Relaunches in US Following Settlement with Authorities
Date: 2025-04-17 Author: Oliver Abernathy Categories: BUSINESS
OKX officially opened its new regional hub in San Jose, California on April 16, 2025. Roshan Robert, head of the US division of the company, said that the exchange's return was made possible by the successful resolution of claims from the US Department of Justice and a more favorable attitude from regulators. As part of the settlement, OKX agreed to pay a fine of $500 million for previous violations.
Robert noted that OKX is preparing to relaunch trading services for US users. In the coming months, the company plans to establish cryptocurrency operations and provide access to the platform through bank accounts, which, according to the CEO, will be an important step in strengthening OKX's position in the US market.
In addition, the process of migrating users from OKCoin, a platform previously operating in the US but blocked, to the new OKX platform has begun. The transfer of accounts and full restoration of client access should be completed by the end of 2025.
However, not all international regulators are so lenient. The Securities and Exchange Commission of Thailand (SEC) recently accused OKX of operating illegally in the country. According to the regulator, the company provides services without a proper license and has not been registered since 2021.
So despite the progress in the US, OKX still faces challenges in other jurisdictions, and its further development will depend on its ability to adapt to the requirements of various national regulators.
