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Economic Insight > Blog > Stock Market > Global crypto exchange OKX pushes into U.S. market with trading, wallet offering
Global crypto exchange OKX pushes into U.S. market with trading, wallet offering
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Global crypto exchange OKX pushes into U.S. market with trading, wallet offering

EC Team
Last updated: April 16, 2025 11:12 am
EC Team
Published April 16, 2025
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Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images

International Crypto Exchange OKX has expanded its existence to the United States.

On Wednesday, the company launched trading platforms in 46 states, with Washington, DC OKX announced the appointment of new US CEOs, Barclays and PricewaterhouseCoopers alumnus Roshan Robert. Crypto Exchange has also set up a new headquarters in San Jose, California.

Additionally, OKX has announced a new self-explanatory wallet that supports over 130 blockchains, allowing users to exchange tokens, move assets across different chains, explore inappropriate tokens, and access popular web3 apps.

Push is part of a rebranding effort. OKX’s US entity Old Okcoin Exchange will now run its brand and operate under the OKX name. Existing users of older platforms will have access to deeper liquidity, lower fees and advanced trading tools, Robert said.

OKX was founded in China in 2013 and is currently based in the Seychelles. Works in over 100 countries.

The US “New Alternative”

The news has changed as the tide of regulations has changed since President Donald Trump took the reins in January.

So far, in 2025, the Securities and Exchange Commission dropped several lawsuits against crypto companies, including a denial. Civil enforcement measures Against Coinbase. The agency also said that most memecoins are not securities and will hold a way for exchange operators to list more coins without risk of enforcing regulations. Additionally, the Department of Justice has concluded its National Cryptocurrency Enforcement Team.

Robert told CNBC that the company is “possessed to play a leadership role” in the United States, telling the importance of customer choice and compliance.

“What we bring to the US is a new alternative we give [them] “We do this with a strong compliance and risk management architecture that we built over the last year or so, providing retail users with the ability to ramp, low rates and deep liquidity.

OKX is the world’s fifth largest cryptocurrency spot exchange based on trust in traffic, liquidity, trading volume and legitimacy of reported trading volume, according to CoinMarketCap. Binance, Bibit, Coinbase Korea’s Upbit is ranked highly.

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TAGGED:cryptoexchangeGlobalMarketofferingOKXpushesTradingU.Swallet
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