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Crypto replacement OKX weighs the potential initial public offer in the US, just two months later settled with US authorities and re -launching their operations in the country, according to the report from Information.
This step would mean a sharp turnover to replace the registered Seychelles, which after a series of regulatory violations to the US market.
In February, OKX agreed to pay more than $ 504 million to settle fees filed by the Ministry of Justice.
Okx to the American markets a big return
The prosecutors said that the company operated a non -cultivated company with money transfer and could not implement basic checks against money laundering. Between 2017 and his departure OKX, he reportedly processed more than $ 1 trillion in American users’ stores, despite politicians indicating differently.
Only two months later OKX announced its return to the American market. The company has established a regional headquarters in San Jose, California and, as its US CEO, tapped Roshan Robert, a former manager in Morgan Stanley and Barclays.
At that time, Robert said that the company’s re -entry was reflected in the “liability for responsible growth” and added that OKX cooperates closely with the regulators to remain in accordance.
The exchange works on the reconstruction of its reputation, especially in the eyes of US regulatory organs. His leadership framed again, not as an effort to unification, but as a strategic reset focused on transparency and adherence to the development of US cryptological laws.
IPO plans the ambitions of signal, but the regulatory obstacles are still building
A list on the US Stock Exchange would mean a large shift for OKX, a potentially opening door of greater institutional trust and a wider investor base. The company has not yet submitted paperwork at SEC and the timeline remains unclear.
OKX is not alone in examining a public offer. Bullsupported by investor Peter Thiel and Geminifounded Twins Winklevoss, in recent months have been intimately filed for IPO in recent months.
Meanwhile issuer of stablecoin Ring He recently concluded an overwritten extract that appreciated it for almost 8.1 B on a fully diluted basis.
However, OKX continues to shade the control inspection. In May, the Thai Securities and Exchange Commission said it plans to close certain stock exchanges, including OKX, for operation without a license.
If OKX continues with the American IPO, they will assess the interest of investors and at the same time reveal how many regulatory bodies are willing to provide crypto companies after the previous violation.
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