Chinese-founded crypto exchange OKX expands into US market

0
3K

Chinese-founded crypto exchange OKX has expanded into United States market.

In a statement on on Wednesday, the firm announced the launch of OKX’s centralized crypto exchange and OKX Wallet in the United States, alongside the establishment of its regional headquarters in San Jose, California.

Following the launch, American customers now have access to the high-performance platform, and the firm will be rolling out new features throughout the year as part of its vision to build a crypto super app.

As part of this expansion, existing OKCoin customers will be seamlessly migrated to the OKX platform.

This migration brings customers a significantly enhanced experience — with access to deeper liquidity, lower fees, and advanced trading tools.

The firm is 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.

American customers can buy, sell, and convert top cryptocurrencies like Bitcoin, Ethereum, USDT, and USDC, while also connecting traditional finance with crypto through seamless local bank account integrations.

“Our entry into America is more than a market expansion — it’s a commitment to responsible growth,

“As regulations evolve, OKX is working closely with US regulators and policymakers to ensure we operate transparently and compliantly,” OKX US Chief Executive Officer Roshan Robert said.

“We’ve 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,” he added.

OKX also highlighted that trust and security are the foundation of the firm.

It noted that the firm maintained a global proof of reserves for all assets on its platform and publish monthly, independently verified reports through blockchain security firm Hacken.

This ensures its customers can always verify their funds and trust in our systems.

The firm is also focused on verifying on-chain activities, supporting third-party compliance, and raising the bar for transparency across the industry.

In addition to its centralized exchange, the OKX Wallet is available for American customers—a powerful Web3 gateway that supports over 130 blockchains.

It offers five trading modes to fit customers experience levels and includes a DEX aggregator for access to 10M+ tokens across Ethereum, Solana, Base, and beyond.

The firm’s artificial intelligence (AI)-powered Web3 navigation helps customers identify trending tokens, simplify research, and make smarter trading decisions.

With built-in support for advanced swapping, bridging, and dApp access across DeFi, non fungible tokens (NFTs), gaming, and social applications, the Wallet provides true ownership and freedom in the decentralized ecosystem.

 

#OKXUS #CryptoExchange #Web3Wallet #BlockchainExpansion #CryptoCompliance

Sponsored
Search
Sponsored
Categories
Read More
Causes
Calling APAC Startups: Third edition of PepsiCo’s Greenhouse Accelerator Program opens applications for sustainability innovators
PepsiCo, a global leader in convenient foods and beverages, proudly announces the return of its...
By Ifvex 2025-01-10 12:20:07 0 6K
Networking
Hong Leong sees Malaysian government supportive policies to provide competitive advantage in data center amid US AI chip curbs
While the recent US Framework for AI Diffusion presents a dent to Malaysia’s booming DC...
By Ifvex 2025-01-27 23:51:02 0 5K
Food
Apples, Pecans and Dried Cranberries
If you're not into boiled Brussels Sprouts, this recipe for Shaved Brussels Sprouts with apples,...
By Recipes 2025-02-05 15:26:44 0 5K
Food
Avgolemono
Avgolemono is the Greek equivalent of Chicken Noodle Soup. It's hearty, healthy, delicious and...
By Recipes 2025-02-15 16:16:15 0 6K
Food
East Ventures incubated company Fore Coffee’s IPO oversubscribed over 200 times
PT Fore Kopi Indonesia Tbk (Fore Coffee), an Indonesia-based premium affordable coffee chain,...
By Ifvex 2025-04-14 04:35:38 0 3K
Ifvex https://ifvex.com