Crypto exchange OKX is considering a US IPO with a NYSE listing, inspired by Circle IPO and Wall Street's successful launch.
Amid growing interest in public listings from digital asset firms, crypto exchange OKX is reportedly preparing for a possible US stock market launch.
Riding on the successful Circle IPO, the exchange will join the likes of Gemini, which is also working on a similar US listing.
Crypto IPO Buzz Hits Crypto Exchange OKX
After its $500 million settlement with the US Department of Justice earlier this year, OKX has re-emerged as a strong player and is working on US expansion from April 2025. The exchange aims to enter Wall Street, taking a leaf from the successful Circle IPO earlier this month.
During his recent interview with The Information, OKX Chief Marketing Officer Haider Rafiq said the exchange is open to the idea of a future IPO, adding that if it chooses to go public, the listing "will likely be in the US."
The outlet also noted that the ongoing crypto rally is making waves not only in digital assets but also in the stock market. From IPOs to crypto-linked treasury stocks, the momentum has given rise to valuations that surprise even industry insiders.
Additionally, with the improving crypto regulatory environment under the Trump administration, crypto firms are now eyeing big Wall Street money.
As a result, crypto exchange Gemini has also submitted an S1 filing to the US Securities and Exchange Commission (SEC) for a listing on the NYSE exchange.
Accelerating its US growth strategy
As crypto exchange OKX established its regional headquarters in San Jose, California, the company’s newly appointed CEO Roshan Robert described it as an effort to increase access to digital assets in a “safe, transparent, and compliant manner.”
The exchange is doubling down on its efforts by hiring 500 employees in New York, San Francisco and San Jose. Robert noted:
“The U.S. is no longer what you would consider as an impossible market. It’s an untapped opportunity if approached in the right manner.”
Robert also said that the team's goal is to develop a "super app" in the U.S., adding, "Our long-term vision is to become a category-defining super app, and we plan to consistently work toward that goal."
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