- OKEx Plans IPO After Returning to US Market
- Cryptocurrency exchange adopts compliance after billion-dollar settlement
- OKEx IPO Signals New Phase for Crypto Exchanges
Global cryptocurrency exchange OKX may be considering an initial public offering (IPO) in the United States, adding to the number of companies in the sector seeking capital in the traditional stock market. The possibility was raised after statements by marketing director Haider Rafique in a recent interview, in which he indicated that a public listing is on the company's radar.
OKX, one of the top three global crypto exchanges, will consider an IPO in the US, after relaunching in the US in April.
From IPOs to crypto treasury stocks, crypto is booming right now, but the rally is playing out in the stock market, at valuations that even surprised…
— Yueqi Yang (@Yueqi_Yang) June 22, 2025
IPO speculation comes shortly after OKEx officially returned to the U.S. market in April 2025 with the launch of a centralized trading platform and a Web3 wallet targeting local audiences. The relaunch comes at a critical time, as the company resolves a regulatory standoff with the U.S. Department of Justice.
In the settlement with U.S. authorities, OKEx agreed to pay $504 million to settle allegations of failing to combat money laundering. The department linked the exchange to more than $5 billion in suspicious transactions, pressuring the company to overhaul its regulatory framework.
OKEx has since implemented robust compliance mechanisms, including strict know-your-customer (KYC) policies, to align with the requirements of U.S. financial authorities. The adoption of these measures reinforces the company’s commitment to operating transparently and responsibly in regulated markets.
If the IPO goes ahead, the brokerage will strengthen its institutional presence at a time when other companies in the sector are also investing in the stock market. The most recent example is Circle, the issuer of the stablecoin USDC, which launched its shares on the New York Stock Exchange. Circle's shares have appreciated almost 700% since their debut, highlighting the renewed interest in crypto assets in the traditional market.
Other exchanges such as Gemini are also reportedly preparing to follow suit, reinforcing the perception that regulatory conditions in the US have become more welcoming to crypto companies with adequate compliance frameworks. OKEx, which already has licenses in regions such as Europe and Singapore, could find the US a new boost for its global expansion.