Cryptocurrency exchange OKX has announced its official entry into the US market. This follows OKX's earlier admission of providing money transmission services without regulatory licensing, resulting in a $504 million settlement with authorities. Having resolved its regulatory challenges, OKX now offers compliant crypto services to US investors.
From OKCoin to OKX: A Brand Evolution
Originally founded in China in 2013 as OKCoin, the platform now operates as OKX with headquarters in Seychelles. The exchange serves over 100 countries globally, with its former US entity (OKCoin) now fully integrated under the OKX brand. Existing OKCoin users can access upgraded services through OKX's latest platform, including:
- Web3 wallet integration
- Multi-chain asset management
- Institutional-grade trading tools
Web3 Wallet: Gateway to Decentralized Finance
OKX's Web3 wallet supports 130+ blockchains, offering users:
- Token swapping capabilities
- Cross-chain asset transfers
- NFT market exploration
- Access to popular Web3 applications
The wallet serves both retail traders and institutional clients with equal functionality.
Leadership and Compliance Framework
Roshan Robert, former Barclays executive and current OKX US CEO, brings extensive financial services expertise to guide OKX's compliant operations. Robert stated in the official release:
"OKX brings America a new alternative featuring robust compliance and risk management frameworks. We're providing fiat on-ramps for retail investors with competitive fees and deep liquidity, alongside institutional-grade solutions for professional traders."
Market Position and Competitive Landscape
Among global cryptocurrency exchanges, OKX ranks:
- Top 5 by trading volume
- Top 5 by liquidity
- Top 5 by web traffic
👉 Discover how OKX compares to other major exchanges
The platform stands alongside industry leaders like Binance, Coinbase, and HTX in the crypto sector's upper echelon.
FAQ: OKX in the US Market
Q: Is OKX available in all US states?
A: OKX operates where legally permitted, with state-by-state availability under review.
Q: How does OKX ensure regulatory compliance?
A: Through its $504 million settlement and ongoing cooperation with US regulators.
Q: What advantages does OKX offer over competitors?
A: Combined Web3 services with traditional exchange features at competitive rates.
Q: Can existing OKCoin users access their accounts?
A: Yes, all accounts were migrated to the OKX platform seamlessly.
👉 Learn about OKX's security measures
Q: What cryptocurrencies are available on OKX US?
A: The platform offers all legally compliant digital assets for US investors.
Q: How does OKX handle customer funds?
A: Following strict custody protocols in accordance with US regulations.