Cryptocurrency exchange based in Seychelles, OKX is developing in the United States, establishing a new regional seat in San Jose, California, and deploying access to its native OKX platform and portfolio for crypto-basée merchants in the United States.
In an announcement on Tuesday evening, the CEO newly appointed Roshan Robert said that expansion was “a commitment to responsible growth”. Robert was recently a framework for the CLST Institutional Crypto loan platform, and was a member of the founding team of Crypto Prime Broker Hidden Road, which was recently acquired by Ripple for $ 1.25 billion.
“As the regulations evolve, OKX works in close collaboration with American regulators and decision -makers to ensure that it is transparent and in conformity,” wrote Robert. “We have built a complete risk-based global compliance program which includes improved reasonable diligence, a robust KYC process, customer risk rating systems, advanced detection of fraud, LMA tools, geo-blocking and market surveillance technologies.
Two months ago, a subsidiary of OKX paid charges that she had operated in the United States without a license to transmit money, agreeing to pay the Ministry of Justice (DOJ) more than $ 500 million in penalties and loss costs. The MJ allegedly allegedly, despite an official policy prohibiting American users from accessing its platform, OKX “has looked for customers in the United States, including in the South New York district”.
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OKX is not the first Crypto company to see an expansion or return to the United States, which has become considerably more user-friendly in the cryptography industry under the administration of US President Donald Trump. Earlier this month, the launching platform for Coinlist tokens announced a return to the United States after five years, and larger names-including Binance, the largest crypto exchange in the world-would consider returning to the United States
Okcoin’s existing customers, the company Sister accessible to the United States of OKX, will be “migrated transparently” to the OKX platform, which will offer customers “deeper liquidity, lower costs and advanced trading tools”, according to the launch announcement of the company.
