Leading crypto platform OKX exchange is expanding in the US just weeks after agreeing to a $504 million settlement with US authorities. The nine-figure fee will be paid to settle charges brought by US authorities.
In a statement on Tuesday (April 15), the exchange said it will launch its trading platform and self-custody Web3 wallet in the US. The press release also announced Roshan Robert’s appointment as its US chief executive.
Congratulations to @Roshan_OKX for bringing okx live in US with the team. After months of hard work, we are all excited about how we can serve our community and participate in continued innovation in America! https://t.co/5AGsGBPkYI
— hong (@hfangca) April 16, 2025
OKX Exchange Going Full Steam Ahead With US Expansion After Putting Legal Troubles Behind Them
In February of this year, OKX pleaded guilty to processing over $1 trillion in transactions by US customers without a license and agreed to pay over $504 million in penalties. With that debacle firmly behind the exchange, they are going all-in on the US.
OKX is bringing its exchange and Web3 wallet to the US and has opened a new US headquarters in San Jose, California, which places it in the heart of Silicon Valley, the tech centre of the world.
New US Chief Executive Roshan Robert said this about his appointment with OKX: “At this exciting juncture, I’m honored to join OKX as the US CEO. I look forward to leading our expansion into the United States and broadening access to digital assets in a secure, transparent, and compliant way.”
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OKX said in the statement that Robert has a background in capital markets and regulatory compliance, and his role will see him focus on deepening engagement with US regulators.
Hong Fang, Global President of OKX, also spoke on the expansion, saying, “The US is a key part of OKX’s global growth strategy.” She congratulated Robert on his appointment, saying, “Congratulations to @Roshan_OKX for bringing OKX live in the US with the team. After months of hard work, we are all excited about how we can serve our community and participate in continued innovation in America!”
US Growth For OKX Follows Its Recent Acquisition Of A MiCA Licence For Europe
The US launch follows global growth in Europe, Asia, and the Middle East. OKX was founded in 2017 and is based in the Seychelles. OKX. Per CoinGecko, OKX is the third largest centralized exchange by volume, behind Bitget (2nd) and Binance (1st).
OKX became one of the first MiCA-licensed global crypto exchanges to extend its services across Europe under a unified regulatory framework. In a January 2025 announcement, the firm said it will now be able to offer regulated and localized crypto services to 28 European Economic Area (EEA) countries.
Its licensed European offerings will be made via the OKX headquarters in Malta. Its crypto products will be available to members of the public via local payment methods and currency options.
Its exchange platform offers trading in over 300 cryptocurrencies, including Bitcoin and Ethereum, via spot and perpetual futures contracts.
In July 2024, the OKX exchange said there were 53 million active and individual web3 wallets on its separate wallet service, adding that the custodial wallet supports over 100 different blockchains.
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OKX crypto exchange agrees $504m settlement with US authorities and announces full US expansion
- OKX has opened a HQ in Silicone Valley as part of its US expansion efforts
- The exchange was fined $504m for processing over $1 trillion worth of transactions from US investors without a license
- OKX is the third largest crypto exchange by trading volume, behind Bitget and Binance
- The exchange has appointed Roshan Robert as its US Chief Executive
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