OKX reenters US market following $505M DOJ settlement

Quick Summary:

Robert said in the post:“Today, I’m thrilled to announce the launch of OKX’s centralized crypto exchange and OKX Wallet in the United States, alongside the establishment of our regional headquarters in San Jose, California.“All existing Okcoin users will be migrated to the new platform, which Robert said will lead to a better overall experience.

Related: Malta regulator fines OKX crypto exchange $1.2M for past AML breachesOKX gets out of US troublesThe report follows OKX hiring former New York Governor Andrew Cuomo to advise it over a federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.

The exchange plans to follow the cautious approach with a nationwide launch later in 2025.“We’re beginning with a phased rollout for new customers to ensure a smooth and secure onboarding process, with a broader nationwide launch planned later this year,“ Robert said.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United StatesMaltaSeychelles

Topics: Robert Launch Platform Customers Exchange Market Million Phased Crypto Wallet Firm

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 10:12:05 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27945727

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Official Website: cointelegraph.com

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