In short
- The potential IPO is in line with a broader revival of Crypto -IIPO activity, encouraged by Circle’s successful public debut.
- Various crypto companies are also preparing for public entries, driven by improving legal circumstances and a strong demand from investors.
- OKX was again launched in the country in April and Roshan Robert hired the American CEO.
Crypto Exchange OKX is said to investigate a first public offer in the US, months after setting up an American arm and agrees to establish half a billion dollars with the Ministry of Justice on alleged violations of money transfer.
The exchange would “definitely consider an IPO in the future”, and if it would be public, it would be “probably in the US,” said Haider Rafique, Chief Marketing Officer at OKX, in an interview, according to a report by The information.
A representative for OKX fell Decrypts Request to further comment.
Although no official timeline or submission has yet been made public, the IPO considerations of OKX emphasize the ambition to solidify a stronger foot in the lucrative American market.
His plans from an American IPO are following are Expansion in the US In April, when it founded a regional headquarters in San Jose, California.
The move was an attempt to broaden access to digital assets “in a safe, transparent and conforming way,” said Roshan Robert, the newly appointed American CEO at the time.
OKX’s potential switch to public markets corresponds to a broader revival of crypto companies that strive for IPOs, probably influenced by circle’s public debut On the New York Stock Exchange earlier this month, raise About $ 1.1 billionrise Almost four -time then.
This successful market input has set an optimistic precedent for Other crypto companies consider Similar public entries, with various prominent crypto companies that are already in different phases of IPO preparations, including TwinPartly founded by the Winklevosss tweeling; BullishSupported by billionaire investor Peter Thiel; And FalconxAmong other things.
Earlier in February, OKX agreed to settle More than $ 500 million in fines to the DOJ, argue guilty of serving American customers without a money license license. At the time the exchange said It continues to “prioritize innovation with compliance.”
A month later, the decentralized Exchange -Aggreator of the Global Platform Confronted problemsTo encourage OKX to pause some services to tackle concern about security.
Edited by Sebastian Sinclair
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