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OKX Expands US Operations
Emphasizing Compliance and Security, Actively Collaborating with Regulatory Bodies
Facing Competition and Potential Regulatory Challenges
According to information released by OKX, the platform has now opened its services to US users and plans to gradually expand its availability nationwide over the coming months. This expansion will also include the system migration of former OKCoin users, with the official promise of a significantly enhanced user experience, including deeper liquidity, lower trading costs, and more comprehensive asset management features.
In addition to the centralized trading platform, OKX has also launched the OKX Wallet in the US, supporting over 130 blockchains, positioning itself as a multifunctional gateway for users to enter the Web3 world.
Roshan Robert, CEO of OKX USA, stated that the company will “expand its US operations in a responsible manner” and emphasized that the platform globally operates on the principles of “trust and transparency.” He pointed out that OKX will continue to publicly disclose asset reserve reports, which will be audited by a third-party blockchain security firm, Hacken, to enhance the platform’s credibility. At the same time, OKX will further strengthen its compliance framework, including user identity verification, fraud prevention, anti-money laundering tools, and market surveillance.
Robert mentioned that the company is actively engaging in dialogue with regulatory authorities at all levels in the US to ensure that the platform operates in accordance with local laws and compliance standards.
Although OKX is one of the significant players in the global cryptocurrency market, its decision to enter the US market may face fierce competition and regulatory uncertainties. Currently, local platforms such as Coinbase and Kraken have established a solid market position, and despite improvements in the US regulatory environment, it remains unclear, making OKX’s path in the US fraught with challenges.