Key Points
- OKX will launch its trading platform and self-custody Web3 wallet in the US.
- The announcement comes after a recent DOJ settlement.
The OKX crypto exchange is expanding its services in the US following a recent DOJ settlement, supporting crypto adoption in the country. The crypto exchange also announced its new HQ and US CEO.
OKX Expands Crypto Services in the US
According to an official press release, OKX will launch its trading platform and self-custody Web3 wallet in the US. US customers will be able to access OKX's trading platform with an easy migration of existing users.
New users will reportedly gain access to the platform gradually, ahead of the full nationwide launch.
Apart from the US expansion, the crypto exchange made another important announcement - it appointed Roshan Robert as its US CEO, and established its new regional HQ in San Jose, California, at the heart of Silicon Valley's innovation ecosystem.
The Global President of OKX, Hong Fang, highlighted that, with Roshan leading US operations and the establishment of a regional HQ, the crypto exchange reinforces its commitment to:
- Regulatory excellence
- Responsible innovation
- Talent recruitment
Roshan brings vast experience in capital markets, regulatory compliance, and product strategy, and he highlighted the huge US opportunities amidst the development of clearer crypto regulations in the region.
The US is an important part of OKX's global growth strategy.
An Alternative for US Crypto Customers
OKX's latest move is part of a wider rebranding effort that will enable existing OKcoin customers to onboard to OKX, benefitting from:
- High-performance trading engine
- Low fees
- Deep liquidity
- Seamless fiat on-ramps for USD deposits and withdrawals
OKX is planning a broader US launch later this year, and meanwhile, new customers will be onboarded on the platform gradually.
Taking Full Control of Crypto via Web3 Wallet
OKX's new self-custody wallet for users in the US will allow people a secure and easy way to take full control of their crypto.
Some notable features of the new OKX wallet include the following:
- Support for 130 different blockchains
- Built-in tools to swap tokens, move assets across chains, explore NFTs, and access popular Web3 apps
- Easy Web3 navigation for beginners and experienced users
It's also worth noting that OKX maintains a global PoR for all account assets and performs monthly reports verified by Hacken blockchain security firm, highlighting high transparency and trust for users.
OKX's announcement comes after a DOJ settlement - in February 2025, the crypto exchange agreed to pay $504 million due to license issues in the US.
