OKX, a cryptocurrency based in Seychelles, extends to the United States with a new regional office in San Jose, California. This step will give the United States -based encryption traditions access to the original platform and OKX.
In addition, Okx Rossan Robert, former CEO of Barclays as the United States CEO to lead the company’s expansion in the United States.
The renewed focus on the United States comes after OKX has recently reached a settlement of more than $ 500 million with the Ministry of Justice to resolve allegations that it had worked in the United States without a license to send money.
Roshan Robert reveals the US Oxx strategy
Roshan Robert was a founding member of the Hidden Road Hidden Crypto Prime, which was recently purchased for $ 1.25 billion. He recently held the position of CEO on the CLST lending platform. Meanwhile, Robert, who is now acting as a recently appointed CEO, announced that the new expansion was a commitment to responsible growth.
Robert also detailed the new strategies that OKX is planning to implement in its American operations. He stressed that OKX is actively working with American legislators and organizers to adapt to advanced regulations, which confirms the company’s commitment to transparent and compatible trading practices.
To demonstrate their commitment to a safe circulation environment, it highlighted that the global comprehensive compliance program on the risk of Crypto Exchange includes due care, powerful KYC procedures, customer risk classification systems, advanced fraud detection, AML tools, geographical ban measures, and market monitoring technology.
In addition, the company’s launch announcement stated that the current users of the OKCOIN-sister company that can be accessed by the United States of America-will be smoothly transferred to the OKX platform, gave them access to advanced trading tools, fewer fees, and increased liquidity.
The cryptocurrency industry has turned its attention to the United States
The United States has become more welcoming in the coded currency industry during the administration of US President Donald Trump.
To support this, OKX recently looked at expansion in the United States with a new office. This follows Doj early claim Although there is an official policy that prevents users in the United States from using its statute, it actively sought customers in the United States, including in the southern region of New York.
The platform served retailers and institutions in the United States from 2018 to early 2024, as it exceeded a trillion dollars of encryption transactions.
OKX has acknowledged that he is guilty of providing services to customers residing in the United States without obtaining a money -seized license and paid more than $ 504 million in the settlement, of which 84 million dollars were a punishment. The remaining amount reflects the fees that the stock market has acquired from its customers in the United States.
Interestingly, regardless of OKX, the largest names, such as Binance, the largest exchange of cryptocurrencies in the world, are considering returning to the United States. At the same time, Coinlist, a symbolic launch platform, announced earlier this month that it would return to the country after it has come out for five years.
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