OKX has announced its return to the US market with a new crypto exchange and a phased rollout. The company introduced Roshan Robert, a former Barclays director, as its new US CEO. According to the announcement, existing Okcoin users will be migrated to the new platform, which promises enhanced features like deeper liquidity, lower fees, and advanced trading tools. The launch will occur in phases, beginning with new customer onboarding, and a nationwide roll-out is planned for later in 2025. Integrations with local banks and support for major cryptocurrencies are also anticipated. This development follows a federal investigation that revealed OKX was operating an unlicensed money-transmitting business, resulting in a $505 million settlement with the Department of Justice, which included an admission of legal violations. To remedy compliance issues, OKX plans to engage a compliance consultant and aims to become a leader in regulatory adherence across markets.

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