Crypto Exchange OKX in the United States after two months of stability with the Ministry of Justice for $ 500 million
SEYHELLES -based OKX announced on Tuesday that it re -launching the American version of the Crypto exchange and unveiled a new portfolio for American users to store it as well as commercial cryptocurrencies. The company also appointed Roshan Robert, a long -term employee in Barclays, as its executive head in the United States and revealed that it will determine its American regional headquarters in San Jose, California.
“It is not only the brand. The entire technology interface, everything has changed,” said Robert, who was a Crypto Prime Broker Hidden Road, who was obtained by Ripple for $ 1.25 billion in April.
The renewed OKX focus on the United States follows a colony The international entity arrived with the Ministry of Justice in February. Public prosecutors claimed that OKX failed to carry out adequate money laundering operations and asked American customers, although its international entity was not registered in the United States. As part of the agreement, OKX paid a fine of $ 500 million, pledged guilty on one of the operation of unlicensed money transfer work, and agreed to pay the price of an external compliance consultant until February 2027.
“For more than seven years, OKX deliberately violated the anti -money laundering laws and avoid implementing the policies required to prevent criminals from misuse of our financial system,” Matthew Podolski, an American lawyer, said in a statement announced by the settlement.
Oakx said in a Blog post.
The re -launch of the United States on the stock exchange comes in a more appropriate regulatory environment during President Donald Trump’s era. Robert, CEO of the United States, said that OKX plans to increase its presence in the United States precede the second Trump period. He started talking to the exchange of encryption in the summer of 2024 and was officially brought in September. He added: “We were preparing the infrastructure for our compliance, and the infrastructure of our risk management for the past year, half or so.”
However, Robert welcomes the least aggressive Trump administration approach to encryption. “The status of the rules will take some time, but there is a way we can see,” he said.
While Robert directs the new OKX US, it is restarted, it faces a strong competition from Coinbase and Kraken. However, he believes that the market in the United States is not zero and believes that younger generations’ appetite for risky encryption stakes will grow. “The entire digital assets market is an expanded world,” he said.
Hong Fang, the international president of OKX, was previously supervised the American OKX entity, which was previously called OKCOIN.
This story was originally shown on Fortune.com
