Seychelles-based cryptocurrency exchange OKX is moving into the U.S., planning to establish a new regional headquarters in San Jose, California. The company intends to provide its platform and the native OKX Wallet for traders based in the U.S.

Key Highlights:

• OKX’s expansion demonstrates its commitment to responsible growth.
• The exchange recently paid over $500 million to the DOJ due to operating without a money transmitter license in the U.S.

In a recent announcement, U.S. CEO Roshan Robert emphasized that this expansion reflects a significant commitment to operating responsibly as regulatory frameworks evolve. He noted OKX’s proactive approach to collaborating with U.S. regulators to ensure transparency and compliance, mentioning their comprehensive compliance programs.

Additionally, Robert’s career includes pivotal roles at institutional crypto firms, showcasing his depth of experience in the industry. He indicated that existing customers of OKCoin, a related company that is accessible in the U.S., will seamlessly transition to the OKX platform, promising enhanced services and reduced fees.

For more about this development, refer to the full article on CoinDesk.