Seychelles based on Cryptocurrency Exchange OKX has announced that it will reorganize the US market.
According to In a post on the blog of April 16th, Okx Back to the U.S. market with the appointment of former Barclays director Roshan Robert as its US CEO. Robert said in the post:
“Today, I’m excited to announce the launch of the Centralized Crypto Exchange of the OKX and OKX wallet in the United States, along with the establishment of our headquarters in San Jose, California.”
All existing Okcoin users have moved to the new platform, which Robert said will lead to a better overall experience. Promised improvements include deeper liquidity, lower fees and advanced trading tools.
Source: Okx
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Step -Step
OKX will not roll up the upgrade to a shot. Instead, the new platform will take a phased onboard approach to new customers. Exchange plans to follow the careful approach to a national launch later in 2025.
“We start with a phased rollout for new customers to ensure a smooth and safe onboarding process, with a broader launch nationwide planned later this year,” Robert said.
OKX also promised integration with local banks and support for major possessions, including Bitcoin (Btc), Ether (Eth), USDT (USDT) and USDC (USDC). Robert noted that the company maintains a global proof of reserves for all its owners, which Na -Published Monthly by cybersecurity firm Hacken.
Hacken did not respond to Cointelegraph’s request for comment through the time of publication.
In addition to its trading platform, the firm is also rolling in the OKX wallet with US -based customers. Purse supports 130 blockchain and features a Decentralized exchange (Dex) Aggregator, which allows access to more than 10 million tokens on platforms including Ethereum, Solana and Base.
Related: Malta Regulator Fines Okx Crypto Exchange $ 1.2m for the past Aml Breaches
OKX is out of us with problems
The report follows OKX Former New York Governor Andrew Cuomo To advise it on a federal investigation that resulted in the firm Asking for a sin in many violations and agree to pay $ 505 million to fine and penalty.
Exchange admitted on February 24 in the operation of an unlicensed business that sends money in violation of US anti-money laundering laws. As a consequence, OKX agreed to pay $ 84 million worth of penalty while provoking $ 421 million worth of fees obtained from the main Institutional clients.
After the investigation after the investigation, the OKX said it would look for a compliance consultant to solve the problems that the federal investigation expressed and improve compliance efforts. Okx’s CEO star xu write In a POST OF PEB. 24 X:
“Our vision is to make OKX the gold standard of global compliance with different markets and their regulatory bodies.”
OKX did not respond to Cointelegraph’s request for comment by time of publication
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