The Seychelles-based crypto exchange OKX has announced the launch of its platform and wallet in the US. The company opened headquarters in San Jose, California, and appointed Roshan Robert (former Morgan Stanley and Barclays executive) as CEO of the US division. OKCoin users, associated with OKX, will be gradually transferred to the new platform, and the full-scale launch is planned for the end of 2025.

This move coincides with the pro-cryptocurrency policy of the Donald Trump administration, which creates favorable conditions for expansion. OKX recently settled a conflict with the US Department of Justice, paying $500 million for servicing American clients without a license. The company claims that the offenders have already been removed from the platform, and the investigation has found no damage to users.

Despite past issues, OKX aims to become the #1 crypto app for the US market, offering not only trading but also additional financial services. The exchange plans to gradually launch features in the coming year, taking into account regulatory requirements.