OKX crypto exchange considering US IPO following April relaunch: report

OKX, a major global crypto exchange, is considering an initial public offering in the U.S., according to a report from The Information.

The exchange announced its U.S. expansion in April after a $500 million settlement with the Department of Justice in February over allegations of operating a money transmitting business without a license.

OKX set up its regional headquarters in San Jose, California, and appointed Roshan Robert — formerly of Morgan Stanley and Barclays — as its U.S. CEO.

Robert told The Block in an interview in May that the team is looking to build a "super app" in the U.S. "Our long-term vision, of course, is to become a category-defining super app. And we plan to slowly work towards that goal," he said.

At the time, the U.S. CEO noted that OKX's American team had expanded to around 500 employees across New York, San Francisco, and San Jose.

"The U.S. is no longer what you would consider as an impossible market," Robert said. "It's an untapped opportunity if approached in the right manner."

OKX isn't the only crypto exchange eyeing a U.S. listing. Earlier this month, Bullish, a crypto exchange that counts billionaire Peter Thiel as an investor, confidentially filed for an IPO in the U.S., according to the Financial Times , which cited two sources familiar with the matter.

An OKX spokesperson told The Block the company has no comment regarding the reported matter.