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Briefly
- The potential IPO is aligned with a wider re -cripthum and ano activity, encouraged by the successful public debut of Circle.
- Several crypto companies are also preparing for public lists, guided by improving regulatory conditions and a strong demand for investors.
- OKX was restarted in the country in April, hiring Roshan Robert as the US Executive Director.
Crypto Exchange OKX allegedly explores the initial public offer in the United States, months after establishing an American hand and agreed to settle half a billion dollars with the Ministry of Justice for alleged breach of money transfer.
The exchange would “absolutely consider the iPo in the future”, and if it goes out to the public, it would “probably be in the US,” said Haider Rafique, CEO of Marketing in OKX, in an interview, according to a report from Information.
The OKX representative refused Decipherptic Request for further comment.
Although the official time line or application has not yet been published, OKX’s IPO considerations emphasize his ambition to strengthen the stronger foothold on the lucrative US market.
His plans of the American IPO follow their own spreading to the US -U In April, when he founded a regional headquarters in San Jose, California.
The move was an offer to expand access to the digital property “to a safe, transparent and aligned way,” said Robhan Robert, his newly appointed US CEO at the time.
OKX -O’s potential shift towards public markets aligns with a wider revival in the crypts of IPO companies, which probably influenced Circle’s Public debut On the New York Stock Exchange earlier this month, raising approximately $ 1.1 billionwith the increase in the price of shares Almost fourfold then.
This successful entry into the market has set up an optimistic precedent for Other crypto companies considering Similar public lists, with several reputable crypto companies that are already at different stages of IPO preparations, including GeminiWinklevoss twins faced; Bullishassisted by billionaire investor Peter Thiel; and Hawkamong others.
Earlier in February, OKX agreed to get rid of Over $ 500 million in the penalty, acknowledging guilt to serve US customers without a licensee for a money transmitter. At that time an exchange said Continues to “give priority to innovation with compliance.”
A month later, a decentralized aggregator of exchanging a global platform faced with problemsciting OKX to stop some services to solve security problems.
Edited Sebastian Sinclair
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