OKX returns to the US

[Ishicryptic]

Let them come back to operate in the Nigerian market where they'll get the best treatment and profits so far from other nations. Infact, OKex board of directors members would've confirmed the amount of they lost from removing themselves out of Nigerian market. The operation of Nigerian on OKex brings lots of liquidity and business into the p2p market especially and no other nations could outperform this nation in that category.

This is a good news hearing that they have returned to the US, I hope that they will also return back to Nigeria, they were one of the reputable exchanges that many crypto users patronized in the country. When Binance disabled their p2p services in Nigeria, many crypto users switched to OKX, it was massive until they suddenly announced that they were shutting down. As they have resolved their issues with the US government I hope that they can do the same with the Nigerian government, because many Nigerians are into cryptocurrency. OKX is among my list of top exchanges so I am looking forward to seeing them back in Nigeria, as they have done in the US.

[Outhue]

I am a big fan of OKX and I use their web3 wallet as a portfolio tracker too but do you guys think this is a good idea coming back to the US? Because what will happen when Trump leave his position in the future? Because he will clearly leave there one day, will OKX plan to move out again?

They should have just stayed after paying the fine, then fix the licenses that they don't have already, and again 500m is a lot of money, these people are just milking businesses, this is why one needs to be ready before regulators come, if you are running any business that requires license make sure you get licensed first.

It is the same problem that some online casinos are putting on themselves, running a online casinos that's not regulated, it's a big risk.

[retreat]

Paying half a billion dollars just for a fine shows how OKEx sees the US as still a big market worth fighting for even when they need to pay such a high fine and the possibility that in the future they could potentially get similar fines. However, with the size of the US market and seeing Trump's plan to make the cryptocurrency ecosystem in America better, it shows their optimism towards the US market and they don't mind paying the fine and even moving their headquarters to the US to smooth their way to become a major exchange in the US again.

[Roseline492]

Paying half a billion dollars just for a fine shows how OKEx sees the US as still a big market worth fighting for even when they need to pay such a high fine and the possibility that in the future they could potentially get similar fines. However, with the size of the US market and seeing Trump's plan to make the cryptocurrency ecosystem in America better, it shows their optimism towards the US market and they don't mind paying the fine and even moving their headquarters to the US to smooth their way to become a major exchange in the US again.

The amount they paid to the US may seem very big in our eyes but it doesn't give the company difficult thoughts to give out the money because they no that what they cab achieve is greater than what we are seeing from them, however they no that US is very important for them because if it wasn't there are other places they can just focus their business on, however they might even make half of the money they spent from when they cleared it till now because OKX is an exchange that does their business every minutes of everyday. Though Trump might be their reason of paying that money because everybody knows that there will be increased of hand in crypto in US.

[Hyphen(-)]

This is an example of “coming back bigger and better”.
I think they’ve learnt from their mistakes.
Having a US headquarters will help boost their economic value and the new platform has a fiat-to-crypto conversion (they have an integration with US banks).

Source: https://azc.news/okx-re-enters-the-u-s-market-id32945/

A great comeback indeed for OKX, they have been one of the biggest CEX in crypto industry, they have reputation from various countries above other exchanges, but their restrictions in some countries is the main reason why some people don’t use the exchange again, but this comeback to US will mean a lot to them and the exchange would have learnt their mistake and will work towards lifting their ban is some countries that needs their service.

However, this move is just for the exchange’s benefit, it have no any benefit for individuals unless people that have their funds saved in there and weren’t able to access their funds. Furthermore, we need to be very careful with CEXs, they are very selfish and are always after their personal gains, we should use them as marketplace and avoid leaving our funds in their custody.

[Josefjix]

I am a big fan of OKX and I use their web3 wallet as a portfolio tracker too but do you guys think this is a good idea coming back to the US? Because what will happen when Trump leave his position in the future? Because he will clearly leave there one day, will OKX plan to move out again?

If Trump gets down, OKex will continue it's operations within US market for sure, I believe once OKex finds her way into the US business, they going to penetrate and make themselves stable within the US jurisdiction by understanding the organizational and cultural value as well as their language. That's very necessary.

It is the same problem that some online casinos are putting on themselves, running a online casinos that's not regulated, it's a big risk.

Some of them knows this but try to manipulate their way out for their benefits, they know what they are doing for the flowing of their start up.

[coupable]

I am a big fan of OKX and I use their web3 wallet as a portfolio tracker too but do you guys think this is a good idea coming back to the US? Because what will happen when Trump leave his position in the future? Because he will clearly leave there one day, will OKX plan to move out again?

The Trump administration, and the period in which Trump is positioned as a political decision-maker, presents an opportunity for all cryptocurrency investors to enter the US market or even benefit from it temporarily throughout Trump's term before there is a possibility of White House policies changing following a change in president.

[IceLincoln]

Update: OKX is set to delist 11 trading pairs including the USDT/USDC pair, a key stablecoin to stable coin pair used for Management of liquidity, as part of its market review amid US Expansion Strategy. The delisting is set to take effect on June 4, 2025 at 8:00- 10:00am UTC.
The Delisted trading Pairs are;
1. USDT/USDC
2. ZERO/USDT
3. ZERO/USD
4. PRQ/USDT
5. PRQ/USD
6. IQ/USDT
7. IQ/USD
8. ARTY/USDT
9. ARTY/USD
10. SAMO/USDT
11. SAMO/USD

Users are advised to withdraw or convert assets before the cutoff.
This Delisting might be as they’re trying to get back in the good books with the US regulatory requirements, their strategy so far has been very aggressive, getting licensed in about 47 states and a new headquarters in San Jose.