Brief
- The potential IPO aligned with a broader resurgence of the IPO Crypto activity, stimulated by the successful public beginnings of Circle.
- Several cryptographic companies are also preparing for public announcements, motivated by improving regulatory conditions and high demand from investors.
- OKX was relaunched in the country in April, hiring Roshan Robert as an American CEO.
Crypto Exchange OKX would have explored a first public offer in the United States, months after having established an American arm and agreed to settle half a billion dollars with the Ministry of Justice for alleged violations of transmission of money.
The exchange “would absolutely consider an IPO in the future”, and if it would become public, it “would probably be in the United States,” said Haider Raique, director of marketing in OKX, in an interview, according to a report Since Information.
A representative for OKX refused Decipher Asks to comment more.
Although no calendar or official deposit has yet been made public, the OKX’s Introduction on the Stock Exchange highlight its ambition to solidify a stronger position on the US lucrative market.
His plans of an American IPO follow his Extension to the United States In April, when he created a regional seat in San Jose, California.
This decision was an offer to expand access to digital assets “in a secure, transparent and compliant way,” said Roshan Robert, his American CEO newly appointed at the time, in a press release.
The potential evolution of OKX to public contracts is aligned with a broader resurgence in cryptographic companies continuing the IPOs, probably influenced by public debut on the New York Stock Exchange at the beginning of the month, raising About $ 1.1 billionwith its increase in increased action almost quad afterwards.
This successful market entry established an optimistic precedent for Other crypto companies considering similar public lists, with several eminent crypto companies already at different stages IPO preparations, especially Geminico-founded by Winklevoss twins; BullishSupported by billionaire investor Peter Thiel; And Hawkamong others.
Earlier in February, OKX agreed to settle More than $ 500 million in penalties in the Doj, pleading guilty of having served American customers without a license of silver issuer. At the time, exchange said It continues to “prioritize innovation with compliance”.
A month later, the decentralized exchange aggregator of the world platform Face problemsInsating OKX to suspend certain services to respond to safety problems.
Edited by Sebastian Sinclair
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