Cryptocurrency exchange OKX has officially launched operations in the United States, introducing both its centralized exchange platform and the OKX Wallet to American users, the company announced Wednesday.
Key Details:
- The move marks the firm’s formal entry into the world’s largest financial markets, with its U.S. headquarters established in San Jose, California.
- The company previously settled with the US regulators for operating before getting a license to do so.
- The rollout will begin in phases to ensure a smooth onboarding process, with a full nationwide launch expected later this year.
Roshan Robert, newly appointed CEO of OKX US, said the expansion will provide American users with access to OKX’s trading platform.
- Apart from support for major cryptocurrencies like BTC, ETH, USDT, and USDC, there will be local bank account integrations for fiat on and off-ramps as well.
The launch includes the migration of existing OKCoin customers to the OKX platform.
The OKX Wallet, also now available in the U.S., supports over 130 blockchains and includes features such as decentralized exchange (DEX) aggregation, cross-chain bridging, and dApp access across DeFi, NFTs, gaming, and social applications. The wallet also integrates AI-powered navigation for token discovery and portfolio management.
Robert said OKX’s expansion to the U.S. is a commitment to responsible growth:
“As regulations evolve, OKX is working closely with US regulators and policymakers to ensure we operate transparently and compliantly. We’ve built a comprehensive, risk-based global compliance program that includes enhanced due diligence, a robust KYC process, customer risk rating systems, advanced fraud detection, AML tools, geo-blocking, and market surveillance technologies. These are all part of our commitment to a secure, compliant trading environment.”
Previously, OKX announced a partnership with Standard Chartered to launch a joint collateral mirroring program that will allow clients to utilize crypto as off-exchange collateral for trading.
OKX also previously launched its 29th Proof-of-Reserves report which confirmed $24.6 billion in assets in the company’s custody.
This article is published on BitPinas: OKX Launches U.S. Crypto Exchange and Wallet, Sets Headquarters in California
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