OKX Eyes US IPO Amid Major Expansion Post $500M Settlement

- OKX considering U.S. IPO. - IPO consideration follows major U.S. expansion, $500 million DOJ settlement. On June 23, 2025, The Block reported that OKX is contemplating a U.S. IPO, a move that follows a $500 million DOJ settlement and the company's significant expansion across the U.S. OKX, a major global crypto exchange, announced its U.S. expansion in April, following its settlement with the Department of Justice in February. The settlement addressed allegations that OKX operated an unlicensed money transmitting business. As part of its expansion, OKX established its regional headquarters in San Jose, California, and appointed Roshan Robert as its U.S. CEO. Robert previously worked at Morgan Stanley and Barclays. In a May interview with The Block, OKX U.S. CEO Roshan Robert emphasized OKX’s ambition to develop a "super app" for the U.S. market, stating he considered this market an "untapped opportunity if approached in the right manner." By May, OKX had grown its U.S. team to approximately 500 employees, distributed across New York, San Francisco, and San Jose. Additionally, OKX is developing these IPO plans within a broader industry context. The Block also reported on June 23 about activities involving another cryptocurrency exchange, Bullish. Separately, earlier in June, the Financial Times reported that Bullish, backed by investor Peter Thiel, confidentially filed for a U.S. IPO. As of June 23, 03:17 UTC, OKB (OKB) is trading at $53.54, with its 24-hour trading volume increased by 5.12%.