After a $500 million settlement with the Department of Justice earlier this year, OKX crypto exchange has formally resumed operations in the U.S. The relaunch was announced via press release on Apr. 15, which stated that it includes the release of a self-custody web3 wallet, a new centralized exchange platform, and the appointment of Roshan Robert as the new U.S. CEO. OKX customers in the U.S. can now access the platform’s trading tools, low fees, and deep liquidity. Existing users on its previous U.S. platform, OKcoin, will be moved over to the new OKX platform. New users will get access gradually before a full rollout later this year. OKX has established a new regional headquarters in San Jose, California, as part of its U.S. expansion. According to the company, this will strengthen its focus on compliance and regulatory engagement while bringing it closer to key talent and tech innovation. You might also like: OKX partners with Standard Chartered for crypto collateral mirroring program Robert, the new U.S. CEO, has experience in capital markets and regulation. He revealed that although discussions with authorities began in mid-2024, before the start of Donald Trump’s second term, the company had already spent over a year building out its compliance infrastructure to support a U.S. return. “With the US advancing crypto regulatory clarity, we see tremendous opportunities to build trust and deliver secure, compliant digital asset solutions. I’m excited to lead OKX’s efforts in the US and bring our customers a flexible, high-performance crypto experience.” — Roshan Robert, OKX U.S. CEO OKX is launching a new wallet for users in the U.S. in addition to the exchange. It lets users store their crypto safely and supports over 130 blockchains. The wallet includes tools to trade, move funds between networks, explore NFTs, and use web3 dApps. There’s also an artificial intelligence feature to help users discover trending tokens and projects. To stay transparent, OKX will share monthly proof-of-reserves reports verified by the blockchain security firm Hacken. This lets users confirm that their funds are really held on the platform. The U.S. relaunch follows OKX’s February settlement with the DOJ after it admitted to running an unlicensed crypto business and agreed to bring in external experts to monitor its compliance through 2027. The company says it has now implemented a full compliance framework, including know-your-customer checks, fraud detection, and other controls, to meet U.S. standards. Read more: 3iQ and Figment to launch North America’s first Solana staking ETF
