After a substantial $500 million settlement with the Department of Justice earlier this year, the crypto exchange OKX has officially resumed operations across the United States. The eagerly anticipated relaunch was announced through a press release on April 15, 2025, unveiling a range of new features including a state-of-the-art self-custody web3 wallet and a revamped centralized exchange platform.
The new U.S. platform enhances user experience by offering low trading fees, powerful trading tools, and access to deep liquidity. Current users from the previous platform, OKcoin, will be transitioned to the new OKX platform seamlessly. Moreover, new accounts are to be rolled out gradually, hinting at a substantial influx of user registrations by the end of the year.
In this expansion, OKX has also established a new regional headquarters in San Jose, California. This strategic move is aimed at fortifying compliance and regulatory engagement while positioning the company in close proximity to technological innovation and skilled personnel. According to Roshan Robert, the new U.S. CEO, the company had proactively worked on their compliance structures for over a year prior to relaunch, preparing to meet U.S. standards.
“With the U.S. advancing crypto regulatory clarity, we see tremendous opportunities to build trust and deliver secure, compliant digital asset solutions,” remarked Robert. The new OKX platform also boasts a feature-rich wallet that not only allows users to store crypto safely but also facilitates trading across more than 130 blockchains, including functionalities for managing NFTs and utilizing web3 decentralized applications (dApps).
Among its innovative offerings, the OKX wallet integrates an artificial intelligence feature designed to assist users in discovering trending tokens and projects. Furthermore, in a bid for transparency and trust, OKX has committed to publishing monthly proof-of-reserves reports, verified by blockchain security experts, which allows users to confirm the security of their funds on the platform.
This significant relaunch follows OKX’s earlier settlement in February with the DOJ, where the company acknowledged its previous unlicensed operations and pledged to enhance its compliance efforts with the guidance of external experts through 2027. OKX claims to have fully implemented a compliance framework with know-your-customer (KYC) checks and fraud detection systems to align with rigorous U.S. regulations.
As more details emerge surrounding the features and offerings of the new OKX platform, both investors and enthusiasts are closely watching how this will impact the competitive crypto landscape in the U.S. With its focused approach on regulatory compliance and user security, OKX aims to set a new standard for exchanges operating under U.S. regulations, inviting a new generation of crypto enthusiasts to join the movement.
