Major crypto exchange OKX has officially re-entered the United States market, following a significant settlement with regulators earlier this year. The move signals a renewed focus on compliant digital asset services for American customers.
Announced on April 15th, the relaunch features a brand-new centralized trading platform designed for US users, alongside a sophisticated self-custody Web3 wallet. This strategy aims to cater to both active traders and those prioritizing direct control over their crypto assets.
The new platform promises access to deep liquidity and competitive trading fees. Users of OKX’s previous US entity, OKcoin, are being migrated to the updated system, while new customer onboarding will occur progressively throughout the year.
Guiding the US expansion is newly appointed CEO Roshan Robert, bringing experience in capital markets and regulation. Robert highlighted the company’s year-long effort in building a robust compliance framework ahead of the relaunch, aligning with increasing regulatory clarity in the US crypto space.
“We see tremendous opportunities to build trust and deliver secure, compliant digital asset solutions,” Robert stated, emphasizing a commitment to a high-performance crypto experience within regulatory boundaries.
The accompanying best crypto wallet supports over 130 blockchains, enabling users to manage crypto holdings, explore NFTs, interact with dApps, and move funds across networks. An AI-driven feature is also included to help users identify trending blockchain projects and tokens.
To bolster user confidence, OKX plans to publish monthly proof-of-reserves reports. These reports, verified by blockchain security firm Hacken, will allow users to independently confirm that their assets are fully backed.
This US return follows a February settlement where OKX acknowledged operating without the necessary licenses. The firm has since implemented comprehensive compliance measures, including know-your-customer (KYC) protocols and enhanced fraud detection, monitored externally through 2027, to meet stringent US standards. This relaunch represents a significant step for the potentially best crypto exchange contender in a key global market.