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Global crypto exchange OKX has officially relaunched its services in the United States, unveiling a new centralized trading platform and Web3 wallet tailored to American users.
The move marks a significant return just two months after its affiliate, Aux Cayes FinTech Co. Ltd., reached a $505million settlement with the US Department of Justice (DOJ) for past regulatory violations.
Phased rollout with emphasis on regulatory readiness
The US expansion will follow a phased onboarding strategy, beginning with select users and culminating in a broader nationwide launch later this year. OKX has established a regional headquarters in San Jose, California, underscoring its long-term commitment to the US market.
Roshan Robert, a former executive at crypto prime broker Hidden Road, has been appointed CEO of OKX’s US operations. “We’re beginning with a phased rollout for new customers to ensure a smooth and secure onboarding process,” Robert stated, reaffirming OKX’s intention to build with regulatory integrity at the core.
Expanded services for US crypto users
The newly launched platform enables trading for leading digital assets, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), with direct fiat on-ramps via local banking integrations. US-based OKCoin users will be migrated to the OKX platform.
In addition to its exchange offering, OKX Wallet is now available to US users. Supporting over 130 blockchains, the wallet includes a decentralized exchange (DEX) aggregator, giving users access to more than 10 million tokens across networks like Ethereum, Solana, and Base.
Compliance first: Rebuilding trust after DOJ settlement
OKX’s return to the US follows its high-profile settlement with the DOJ in February 2025, where the company admitted to facilitating over $5billion in suspicious transactions and operating without proper licensing.
The agreement required OKX to pay $84.4m in fines, forfeit $420.3m in fees, and retain an independent compliance consultant through February 2027.
In response, the company has rolled out a comprehensive compliance overhaul, including enhanced Know Your Customer (KYC) procedures, anti-money laundering (AML) tools, customer risk profiling, geo-blocking, and market surveillance systems.
To improve transparency, OKX also publishes monthly proof-of-reserves reports, audited by cybersecurity firm Hacken.
OKX maintains global ranking among top exchanges
Despite regulatory setbacks, OKX continues to hold a strong position in the global crypto exchange landscape.
According to CoinGecko, OKX ranked eighth among centralized exchanges by trading volume in December 2024, commanding a 6.2% market share, placing it just behind Bitget and ahead of MEXC.
In derivatives trading, OKX has been a standout performer. As of the same period, it was the second-largest crypto derivatives exchange, with a 17.7% market share and a monthly trading volume of $310.4bn in August 2023.
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