OKX Considers United States IPO, Boosting OKB Token 5% Despite Market Downturn

According to recent reports, OKX, a leading global cryptocurrency exchange, is checking out the possibility of a going public (IPO) in the United States. This development has sparked an uptick in the exchange’s native token, OKB. It rose 5.39%, bucking the broader market drop.

OKX Eyes US IPO The Details reported on OKX’s potential strategies in its most current post. A market watcher recommended that OKX will likely pursue a ‘split listing’ method. He added that besides OKX, Binance United States may likewise consider following the IPO path. The IPO follows the company’s reentry into the United States market in April 2025. BeInCrypto reported that the exchange reached a $504 million settlement with the US Department of Justice (DoJ) in February. In mid-April, OKX re-launched its centralized exchange and wallet services in the country. It likewise established a brand-new US head office in San Jose, California, and appointed Roshan Robert, former Director of Barclays Financial Investment Bank, as its brand-new CEO. This reentry became part of a wider compliance-driven approach, including improved due diligence and KYC procedures, to line up with US regulatory standards. Furthermore, the business’s recent regulative turning points, consisting of complete compliance with the EU’s Markets in Crypto-Assets (MiCA) framework and the appointment of a brand-new primary legal officer, additional underline its commitment to operational authenticity and market expansion. ‘Our entry into America is more than a market growth– it’s a dedication to responsible development. As regulations evolve, OKX is working closely with United States policymakers and regulators to ensure we operate transparently and compliantly,’ Robert specified in a previous blog.

Especially, the news positively affected OKB. At the time of writing, the token was trading at $53.6, marking an appreciation of 5.39% over the previous day. This performance contrasted with the broader market, which fell 3.2% in the same period. OKX’s potential IPO is part of a larger trend among crypto-related firms seeking public market listings. In late May, Circle introduced the initial public offering of 24 million shares of its Class A common stock. Previously this month, Gemini also applied for an IPO, while Kraken is also considering similar plans. These movements are a response to a more favorable regulatory environment under the existing US administration, which has shown support for the crypto market.

OKX Eyes US IPO The Details reported on OKX’s potential plans in its latest article. He added that besides OKX, Binance United States might also consider following the IPO path. The IPO follows the company’s reentry into the US market in April 2025. OKX’s potential IPO is part of a larger trend among crypto-related firms seeking public market listings.