OKX Considers U.S. IPO as Native Token Rises 9.8%
Crypto exchange OKX is considering an initial public offering (IPO), with the U.S. as its preferred market, according to chief marketing officer Haider Rafique.
- Rafique stated, “We will absolutely consider an IPO in the future.”
- Following the announcement, OKX's native token OKB increased by 9.8%, rising from just above $50 to $55.11 before stabilizing.
- OKX established a U.S. headquarters in San Jose, California, in April after settling charges with the Department of Justice, including a $500 million fine for operating without a money transmitting license.
- Other exchanges like Kraken and Bullish are also planning IPOs in the U.S.
- Stablecoin issuer Circle completed its IPO on the NYSE earlier this month, with shares increasing by 675% since then.
OKX did not provide further comments when approached by CoinDesk.