OKX, one of the largest global cryptocurrency exchanges, is considering the possibility of an IPO in the United States, according to a report from The Information.
In April, OKX announced the expansion of its operations in the US market after reaching a settlement worth $500 million with the US Department of Justice in February. This settlement was related to allegations that the company had operated money transfer services without a valid license.
After the settlement, OKX established a regional headquarters in San Jose, California, and appointed Roshan Robert - a former senior executive at Morgan Stanley and Barclays - as the CEO of OKX US.
In an interview in May, Robert said the company is aiming to build a "super app" for the US market. "Our long-term vision is to create an industry-shaping super app. And we are gradually moving towards that goal," he shared.
At that time, Robert said the OKX team in the US had expanded to around 500 personnel, working in New York, San Francisco, and San Jose.
He emphasized: "The US is no longer an impossible market. If approached correctly, this is a large untapped opportunity."
OKX is not the only exchange targeting an IPO in the US. Earlier this month, Bullish - a digital currency exchange backed by billionaire Peter Thiel - also filed a confidential IPO application, according to a source from Financial Times.
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The article OKX Considers IPO in the US After Relaunch in April first appeared on CoinMoi.
