Business

OKX Expands To The U.S. Following $500M DOJ Settlement

OKX is officially entering the U.S. market with a centralized trading platform and its OKX Wallet.

Haider Jamal
April 16, 2025

Roshan Robert Appointed As CEO

The company has already opened a regional HQ in San Jose, California, and appointed former Morgan Stanley and Barclays executive Roshan Robert as U.S. CEO.

Source: OKX

“U.S. users can now access our high-performance platform,” Robert said, adding that new features will be added to the Seychelles-based crypto exchange throughout the year.

Additionally, OKCoin users will be migrated to OKX as part of a phased national launch planned for 2025.

OKX Vs. DOJ

The expansion follows a $500 million settlement with the U.S. Department of Justice. The DOJ accused OKX affiliate Aux Cayes FinTech of operating without proper licensing and enabling U.S. users to bypass restrictions.

OKX denied customer harm and said those users are no longer on the platform.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.