Media: OKX to go public on US exchange via IPO

Earlier, the exchange opened a local office

Media: OKX will hold an IPO in the United States

23.06.2025 - 14:00

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2 min

What’s new? Leading centralized crypto exchange OKX is considering going public in the US through an initial public offering (IPO), The Information reports.

Material by The Information

What else is known? In April, the exchange announced that it was expanding its operations in the United States. This came after it settled claims in February that the Justice Department had been accused of operating a money-transfer business without a license by paying $500 million.

OKX opened a regional headquarters in San Jose, California, and appointed Roshan Robert, formerly of Morgan Stanley and Barclays, as CEO in the US.

Robert told The Block in May that the team is looking to build a super app in the US.

He noted that OKX’s US team has expanded to 500 employees in New York, San Francisco, and San Jose.

OKX isn’t the only crypto exchange eyeing a US listing. Earlier this month, Bullish, whose investor is billionaire Peter Thiel, confidentially filed for a US IPO, the FT reported.

Coinbase, the leading US crypto exchange, has an IPO in 2021. Its partner, fintech company Circle, which issues the second-capitalized USDC stablecoin, also went public in the US under the ticker CRCL in June.

USDC issuer saw its share price rise 168% on the day of its IPO

The company offered 34 million shares and raised $1,1 billion

Earlier this month, OKX helped the US Secret Service seize $225 million worth of fraud-related USDT stablecoins.

Also in June, OKX officially launched regulated platforms in Germany and Poland.

At the same time, Thailand’s securities regulator announced it was blocking the websites of OKX and several other exchanges as part of a crackdown on money laundering through unauthorized platforms.

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