OKX returns to the United States market after the Doj deal worth $ 505 million

OKX announced on Tuesday that it reopens a Crypto exchange in the United States and introduces a new Web3 portfolio to American users.

This step follows a $ 505 million deal with the US Department of Justice (doj) earlier this year.

Launch details

“We officially launch in the United States through our central exchange and powerful Web3 Park,” Declare The company.

OKX has also revealed that it appointed Roshan Robert as the United States CEO and established its regional headquarters in San Jose, California. Robert, a former Barclays executive official, commented on the development:

“I am honored to join OKX as an executive president of the United States. I look forward to leading our expansion in the United States and expanding access to digital assets in a safe, transparent and compatible manner.”

According to statementThe operation will start in stages, starting with the current OKCOIN users, who will be deported to the OKX platform. The company said that the transition will provide access to low fees, advanced trading tools and increase liquidity.

Moreover, the country is scheduled to later later in the year. Once operation, American users can trade the main cryptocurrencies on their platform, including Bitcoin, Ethereum, USDT and USDC, and connect their local banking accounts to deposits and clouds.

OKX has highlighted that it maintains the global architect proof system, with monthly reports independently published by Blockchain Security Hackeen. He added that she carried out the risk -based compliance program that includes KYC protocols, due care procedures, fraud detection tools, geological blocking technologies, and market control technologies.

Settlement with the Ministry of Justice

Restarting comes after February 2025 settlement with the Ministry of Justice. As part of the deal, OKX Aux Cayes Fintech Co.

This was after the agency found that OKX allowed its American customers to reach its global platform despite the official policy that prevents them since 2017. According to the Ministry of Justice, the company actively sought American users, where at least one employee advises customers to falsify their site. Investigators also A mark has been placed More than $ 5 billion in suspicious transactions associated with possible violations to combat money laundering.

The company stated that the affected users, most of whom are institutional customers, are not on the platform and that no allegations of customer damage were provided. Since then, OKX has rented compliance advisor to enhance its organizational framework and enhance control measures.