Crypto Exchange OKX has officially rebooted its US business with the introduction of a central trading platform, a new Web3 wallet and a fresh leadership team, according to a statement shared with Cryptoslate.
The exchange stated:
“American customers can buy and sell and convert top cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC, and connect traditional finance and encryption through seamless local bank account integration.”
The move is a key milestone for the exchange, following the recent $504 million legal settlement with the U.S. Department of Justice.
Since then, the company has implemented robust compliance frameworks, including full knowledge (KYC) procedures and enhanced fraud detection systems, to meet regulatory standards.
US expansion
OKX has established its new US headquarters in San Jose, California, demonstrating its long-term commitment to construction within the US market.
The exchange said it views the US as an important part of its global strategy of ahead of the development of regulations.
The company said the reboot will include a gradual deployment that begins with migrating current users to the new platform. New users will gradually be mounted, with wider launches planned later this year in most US states.
To support this expansion, OKX has introduced a self-supporting Web3 wallet for its US customers. The wallet supports over 130 blockchains, features tools to exchange tokens and fill assets between networks, NFTs and decentralized applications.
As part of the reboot, OKX has appointed Roshan Robert as US CEO. Former Barclays executive Robert brings years of financial leadership experience to this role.
Roberts added:
“We have built a comprehensive risk-based global compliance program that includes enhanced due diligence, a robust KYC process, a customer risk assessment system, advanced fraud detection, AML tools, geoblocking and market surveillance technology. All of these are part of our commitment to a safe and compliant trading environment.”
It is mentioned in this article
