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OKX Relaunches U.S. Crypto Platform After $500M DOJ Settlement

The Seychelles-based exchange re-enters the U.S. market with a new CEO, enhanced compliance measures, and a regional headquarters in California.

Hong Fang, global president of OKX.
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Overview

  • OKX has officially relaunched its U.S. cryptocurrency platform, introducing a new digital wallet and establishing its regional headquarters in San Jose, California.
  • The relaunch follows a $500 million settlement with the DOJ in February 2025 over charges of operating without proper licensing and inadequate anti-money laundering protocols.
  • Roshan Robert, a former executive at Barclays and Hidden Road, has been appointed as the new U.S. CEO to lead the expansion and oversee compliance enhancements.
  • The company has implemented a comprehensive compliance program, including advanced AML tools, KYC processes, and market surveillance technologies, to meet regulatory standards.
  • Existing OKCoin users will be migrated to the revamped OKX platform, which promises deeper liquidity, lower fees, and advanced trading tools to compete with industry leaders like Coinbase and Kraken.