After paying a $500 million fine, OKX exchange resumed its operations in the U.S. and launched a new platform with a Web3 wallet for American users.
OKX, one of the world’s largest and most reputable cryptocurrency exchanges, has officially resumed its operations in the U.S. market after settling a $500 million fine with the U.S. Department of Justice (DOJ). This relaunch, announced on April 15, 2025, includes the launch of a new centralized trading platform and the introduction of a Web3 wallet for American users, offering advanced features and updated trading conditions.
OKX’s Official Return to the U.S. Market
After a period of suspension, OKX has announced the resumption of its operations in the U.S. market following a $500 million settlement with the U.S. Department of Justice (DOJ). This significant decision offers new opportunities for American users in the cryptocurrency space, as OKX has launched a new trading platform and introduced a Web3 wallet for users in the U.S.
New Features for American Users
According to the official announcement, U.S. users will now have access to a variety of features such as advanced trading tools, low fees, and high liquidity on the new OKX platform. Previous users of OKCoin (OKCoin) will also be seamlessly migrated to the new OKX platform. Full access for new users will be provided in phases, with complete access expected by the end of 2025.
New Regional Office and Focus on Regulations
OKX’s return to the U.S. market aligns with the company’s new approach to compliance and engagement with regulatory bodies. In this regard, OKX has established a new regional headquarters in San Jose, California. This office aims to facilitate cooperation with regulatory authorities and attract specialized talent in the blockchain and cryptocurrency technology field.
New Leadership for OKX’s U.S. Branch
The management of OKX’s U.S. branch has been entrusted to Roshan Robert. Robert, who has an extensive background in financial markets and regulations, stated that OKX has been developing the necessary regulatory infrastructure for its return to the U.S. market since mid-2024. He added, “With the advancement of the cryptocurrency regulatory landscape in the U.S., significant opportunities are emerging for us to offer secure, legal, and trust-building solutions. I am excited to lead OKX on this journey.”
Launch of a New Wallet for U.S. Users
In addition to the new trading platform, OKX has also launched a new wallet for American users. This wallet supports over 130 blockchains and offers features such as secure cryptocurrency storage, asset transfers across networks, access to NFTs, and interaction with decentralized applications. It also includes an AI tool for identifying emerging projects.
Commitment to Transparency and Security
For enhanced transparency, OKX has committed to publishing monthly Proof of Reserves reports, which will be verified by blockchain security firm Hacken. This initiative is another step by OKX to build trust and transparency among users and regulatory bodies.
Conclusion
OKX’s return to the U.S. market after settling a significant fine with the U.S. government represents a transformation in the legal and regulatory landscape of cryptocurrency. This move is expected to create new opportunities, particularly for American investors and traders seeking a secure and compliant exchange.
