OKX’s US IPO Move Boosts OKB Amid Market Decline

OKX, one of the major global crypto exchanges, is reportedly exploring the idea of launching an initial public offering (IPO) in the United States. This news has led to a boost in the value of OKX’s native token, OKB. It went up by 5.39%, even as the overall crypto market saw a decline.

The report came from The Information, which shared OKX’s potential IPO plans. A market analyst also mentioned that OKX might follow a “split listing” strategy. This means OKX could choose to list in more than one market. The analyst also noted that Binance US could be planning a similar move.

Source: X

Reentry into the US Market

This possible IPO comes not long after OKX returned to the US market. The exchange reentered the country in April 2025 after settling a $504 million case with the US Department of Justice earlier this year. The case was related to compliance issues that the company has since worked to resolve.

Following this, OKX restarted its centralized exchange and wallet services in the US. It opened a new US headquarters in San Jose, California. The company also brought in Roshan Robert, a former Director at Barclays Investment Bank, to serve as CEO for the American market.

The company’s return to the US is part of a bigger shift toward compliance. OKX has improved its due diligence and KYC processes. These efforts are designed to meet strict US regulatory standards. OKX has also made progress on the global front. The company is now fully compliant with the EU’s Markets in Crypto-Assets (MiCA) framework. On top of that, it hired a new chief legal officer to help guide its legal and regulatory efforts.

OKX’s leadership has made it clear that this return is more than just business growth. According to Robert's recent blog article, the action shows a dedication to responsible growth. The business, he clarified, is collaborating extensively with US lawmakers and authorities. Transparency and compliance in the exchange's operation are the main objectives.

Source: X

Well, the market has responded so far. OKB, OKX’s token, was trading at $53.6 at the time of reporting. That’s a 5.39% increase in just one day. This positive movement stands out, especially as the broader crypto market saw a 3.2% drop during the same time.

Growing Trend of Crypto IPOs

The discussions surrounding OKX's IPO are not isolated. Public listings are being considered by a number of other significant companies in the cryptocurrency market. In late May, Circle, the firm that created USDC, began its first public offering (IPO) with 24 million shares of Class A common stock. Another well-known cryptocurrency exchange, Gemini, has submitted an IPO application. Kraken is thinking of doing the same thing.

All of this suggests that cryptocurrency companies are becoming more interested in entering public markets. The US's more open regulatory framework is the driving force behind this change. The present government has been more accommodating to the cryptocurrency sector. Exchanges and cryptocurrency-related businesses are therefore beginning to look at fresh strategies for expanding and establishing credibility through public listings.

OKX’s IPO plan could be one of the key moves that shapes the next chapter for crypto exchanges in the global market.