OKX Enters The US Crypto Market with New Headquarters in Silicon Valley Following DOJ's $504 Million Settlement

OKX Expands Its Presence in the US With New Headquarters and Key Appointments

OKX, one of the leading cryptocurrency exchanges globally, has officially expanded its operations into the United States, following a significant legal settlement with US authorities earlier this year.

The Seychelles-based platform, which ranks as the third largest exchange by daily trading volume, has chosen Silicon Valley’s San Jose, California, as the location for its new US headquarters.

Source: X

Roshan Robert Appointed As CEO Of US Operations

As part of its US push, OKX has appointed Roshan Robert as the Chief Executive Officer for its regional office in the US.

With a solid background in capital markets and regulatory compliance, Robert will focus on strengthening relationships with US regulators.

In a statement, he expressed,

“With the US advancing crypto regulatory clarity, we see tremendous opportunities to deliver secure, compliant digital asset solutions.”

OKX Wallet Launch Offers Multi-Chain Access

Alongside the exchange launch, the company is rolling out its OKX Wallet to US users.

This self-custody Web3 wallet supports more than 130 blockchains and includes tools for swapping, bridging, and accessing decentralised applications across sectors such as DeFi, NFTs, gaming, and social.

The wallet also integrates an AI-powered navigation feature and a DEX aggregator with access to over 10 million tokens across various networks.

OKX reported in July 2024 that its wallet service had already seen over 53 million individual wallets created globally.

Navigating Regulatory Challenges After $504 Million Settlement

OKX's decision to expand in the US comes just weeks after the company faced significant legal challenges.

In February 2025, the exchange pleaded guilty to operating without a license and facilitating over $1 trillion in transactions by US customers.

As a result, the platform agreed to a settlement of $504 million in penalties with the US Department of Justice (DOJ).

Despite this setback, OKX remains committed to its vision of expanding its services globally while ensuring compliance with local regulations.

Focus On Regulatory Compliance And Innovation

As OKX continues to scale its presence in the US, the company is prioritising compliance.

In its statement, OKX highlighted the importance of working closely with US regulators to navigate the evolving regulatory landscape.

The company has implemented a comprehensive compliance programme, which includes advanced fraud detection, anti-money laundering (AML) tools, and enhanced Know Your Customer (KYC) systems.

OKX's Global Expansion Strategy Continues

Founded in 2017, OKX has steadily expanded its global footprint, having previously established a strong presence in Europe, Asia, and the Middle East.

The company currently offers trading in over 300 cryptocurrencies and has seen impressive growth, with more than 53 million individual wallets created on its separate wallet service as of July 2024.

The US is now a critical part of OKX’s global growth strategy, as emphasized by the company's Global President, Hong Fang, who stated,

"The US is a key part of OKX’s global growth strategy."

The US Crypto Landscape Under Trump’s Administration

The move into the US market also aligns with recent regulatory shifts under President Donald Trump’s administration.

Since taking office in January 2025, Trump's team has been working to deregulate the cryptocurrency industry while establishing clearer regulations to foster innovation.

Just last week, the US Senate confirmed Paul Atkins as the new Chair of the Securities and Exchange Commission (SEC).

In his confirmation hearing, Atkins pledged to develop a comprehensive regulatory framework to support the growth of the digital asset space.

OKX’s entry into the US comes after one of the largest crypto settlements to date, highlighting the challenge of rebuilding trust while navigating tighter regulations.

The company now faces the task of proving its commitment to compliance in an evolving market.