OKX Considers US IPO After Expansion

OKX, a prominent global cryptocurrency exchange, is evaluating the possibility of a U.S. initial public offering, as reported by The Information. After reaching a $500 million settlement with the Department of Justice in February for operating without a license, OKX announced in April its expansion into the U.S. market. The exchange has established its regional headquarters in San Jose, California, under the leadership of Roshan Robert, a former executive at Morgan Stanley and Barclays now serving as its U.S. CEO. In May, Robert discussed their goal of creating a 'super app' and expanding their team to 500 employees across New York, San Francisco, and San Jose. He described the U.S. market as a promising opportunity if approached strategically. OKX is one among several exchanges considering a U.S. listing, joining others like Bullish, which recently filed confidentially for an IPO. An OKX spokesperson declined to comment on the IPO plans. Note: The Block is an independent media source; its majority investor is Foresight Ventures, involved in various crypto investments. This piece is informational, not financial advice.