After a lengthy absence from the American market, cryptocurrency exchange OKX is making a comeback with a $505 million settlement behind it and a fresh approach to U.S. operations. The company is set to relaunch in phases beginning April 15, 2025, with San Jose, California serving as the headquarters for its renewed American presence.
The comeback isn’t just a rerun of the old playbook. OKX has spent over a year building an enhanced compliance infrastructure—think of it as installing a state-of-the-art security system before reopening a valuable vault. This revamped approach comes under the leadership of new U.S. CEO Roshan Robert, who brings critical capital markets and regulatory experience to the table.
American users will gain access to both a centralized exchange offering cryptocurrencies like Bitcoin, Ethereum, and XRP, alongside a Web3 self-custody wallet. The latter gives users control of their private keys—essentially handing them the digital equivalent of their own bank vault rather than just a safety deposit box in someone else’s building. The platform also provides monthly proof-of-reserves reports verified by Hacken to ensure transparency about funds security.
OKX delivers the best of both worlds—trade on our exchange or truly own your crypto with self-custody wallet options.
Previous OKcoin users won’t be left behind; they’re being migrated to the new platform. The rollout prioritizes these existing customers initially, with full public access expected later in 2025. It’s like getting VIP early access to a club that’s still putting the finishing touches on its grand reopening.
OKX is betting that its combination of deep liquidity, competitive fees, and the seamless integration between exchange and wallet will differentiate it in the crowded crypto marketplace. The exchange will utilize cold storage wallets to safeguard the majority of user funds, a security practice common among leading centralized exchanges. The company aims to provide traders with world-class matching engine capabilities that ensure optimal execution of trades even during high market volatility. The company’s strategic choice of San Jose places it at the heart of tech innovation, potentially giving it access to top talent.
With the U.S. market viewed as critical to OKX’s global strategy, the company is positioning itself to capitalize on evolving regulatory clarity while using the American operation as a potential template for worldwide expansion. The full rollout to all U.S. users is expected before the end of 2025.
