{"id":22273,"date":"2025-04-16T03:01:50","date_gmt":"2025-04-16T03:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22273"},"modified":"2025-04-16T03:01:50","modified_gmt":"2025-04-16T03:01:50","slug":"okx-to-expand-to-the-us-establish-regional-hq-in-california","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22273","title":{"rendered":"OKX to Expand to the US, Establish Regional HQ in California"},"content":{"rendered":"
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Seychelles-based cryptocurrency exchange OKX is expanding to the U.S., establishing a new regional headquarters in San Jose, California and rolling out access to its platform and its native OKX Wallet to U.S.-based crypto traders.<\/p>\n<\/p>\n

In a Tuesday evening announcement, newly-appointed CEO Roshan Robert said the expansion was \u201ca commitment to responsible growth.\u201d Robert was most recently an executive at institutional crypto lending platform CLST, and was a founding team member of crypto prime broker Hidden Road, which was recently acquired by Ripple for $1.25 billion<\/a>.<\/p>\n<\/p>\n

\u201cAs regulations evolve, OKX is working closely with US regulators and policymakers to ensure we operate transparently and compliantly,\u201d Robert wrote. \u201cWe\u2019ve built a comprehensive, risk-based global compliance program that includes enhanced due diligence, a robust KYC process, customer risk rating systems, advanced fraud detection, AML tools, geo-blocking, and market surveillance technologies. These are all part of our commitment to a secure, compliant trading environment.\u201d<\/p>\n<\/p>\n

Two months ago, a subsidiary of OKX settled charges<\/a> that it had operated in the U.S. without a money transmitting license, agreeing to pay the Department of Justice (DOJ) over $500 million in penalties and forfeited fees. The DOJ alleged<\/a> that, despite having an official policy prohibiting U.S.-based users from accessing its platform, OKX \u201csought out customers in the United States, including in the Southern District of New York.\u201d<\/p>\n<\/p>\n

Read more: After Binance\u2019s $4.3B Lesson, Do Rival Exchanges Risk Running Afoul of U.S. Rules?<\/a><\/p>\n<\/p>\n

OKX is not the first crypto company to eye an expansion or a return to the U.S., which has grown considerably friendlier to the crypto industry under U.S. President Donald Trump\u2019s administration. Earlier this month, token launch platform CoinList announced a return<\/a> to the U.S. after five years away, and bigger names \u2014 including Binance<\/a>, the world\u2019s largest crypto exchange \u2014\u00a0are reportedly considering returning to the U.S.<\/p>\n<\/p>\n

Existing customers of OKCoin, the U.S.-accessible sister company of OKX, will be \u201cseamlessly migrated\u201d to the OKX platform, which will offer customers \u201cdeeper liquidity, lower fees and advanced trading tools,\u201d according to the company\u2019s launch announcement.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Seychelles-based cryptocurrency exchange OKX is expanding to the U.S., establishing a new regional headquarters in San Jose, California and rolling out access to its platform and its native OKX Wallet to U.S.-based crypto traders. In a Tuesday evening announcement, newly-appointed CEO Roshan Robert said the expansion was \u201ca commitment to responsible growth.\u201d Robert was most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22273","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22273"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22273\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}