OKX Relaunches in the U.S. After $505M DOJ Settlement, Unveils Bold 'Super App' Strategy

Cryptocurrency exchange OKX is expanding to the U.S. from their headquarters in Seychelles following the company's recent settlement with the Department of Justice

Crypto exchange OKX is expanding to the U.S. from their headquarters in Seychelles following the company’s recent settlement with the Department of Justice, OKX US CEO Roshan Robert announced in an April 15 statement.

According to the Tuesday press release, Americans will now be able to access OKX’s crypto exchange services and OKX wallet stateside as the company plans to open its regional headquarters in San Jose, California.

As part of their launch in the U.S., the cryptocurrency company is also planning to launch a crypto “super app” and expand their services to include a complete suite of offerings for the country.

“Our entry into America is more than a market expansion—it’s a commitment to responsible growth,” Robert said. “As regulations evolve, OKX is working closely with U.S. regulators and policymakers to ensure we operate transparently and compliantly.”

“We’ve built a comprehensive, risk-based global compliance program that includes enhanced due diligence, a robust KYC process, customer risk rating systems, advanced fraud detection, AML tools, geo-blocking, and market surveillance technologies,” he added.

Earlier this year, the DOJ announced that Aux Cayes FinTech Co., an affiliate of OKX, would pay $505 million in penalties and fees after the agency claimed it had operated as an unlicensed money transmitter.

The DOJ went on to explain that Aux Cayes allegedly collected and transferred more than $15 billion in illicit funds from gambling and other criminal activity around the world.

“Despite being notified by U.S. regulators in 2011 that its operations would violate U.S. law, Aux Cayes continued its conduct for another 12 years, and in the process, moved billions of dollars for a wide variety of criminal activity,” the DOJ said in February.

The crypto exchange is now launching the next stage of their journey with their expansion into the U.S. and the introduction of a super app.