OKCoin Archives

Cryptocurrency exchange OKX has announced a major expansion into the US market, setting up a new regional base in San Jose, California. The move includes giving US-based users access to both the OKX platform and its integrated OKX Wallet. Good to know OKX will now operate in the US with a new hub in San Jose, California Roshan Robert, former CLST executive, is the new CEO US-based OKCoin users will be migrated to the OKX platform The announcement came Tuesday evening, alongside news that Roshan Robert has been named CEO. Robert previously held leadership roles at CLST and was part of the founding team at Hidden Road, a crypto prime broker recently acquired by Ripple for $1.25 billion. Robert called the expansion a “commitment to responsible growth,” adding that OKX is working directly with regulators in the US to meet legal standards. “We’ve built a comprehensive, risk-based global compliance program,” he said, listing features such as enhanced due diligence, advanced fraud detection, and market surveillance as part of the firm’s security efforts. The compliance-first approach comes just two months after OKX’s US subsidiary agreed to pay more than $500 million in penalties and forfeited fees to the Department of Justice. The DOJ said OKX had previously allowed US customers to access its platform despite not having the proper licensing in place. Existing OKCoin Users to Shift Over to OKX As part of the rollout, existing users of OKCoin—a sister company of OKX with a presence in the US—will be automatically moved to the OKX platform. The company said customers can expect deeper liquidity, more trading tools, and lower fees as part of the transition. The OKX Wallet will also be available for US users, providing access to decentralized finance features and Web3 functionality. The wallet is part of the company’s push to combine traditional exchange tools with newer crypto tech in one unified experience.

OKCoin

US Crypto Users Gain Access to OKX Platform and Wallet

FDIC Warns OKCoin Over Misleading Information on Insurance Coverage