OKX U.S. CEO Roshan Robert discusses expansion into the U.S. in an interview with Sonali Basak and Tim Stenovec on "Bloomberg Crypto."

OKX U.S. CEO Roshan Robert reported positive progress in the company's expansion across the United States, with operations now active in 49 states and headquarters in San Jose. While the company is not yet licensed in New York, Robert stated that efforts are ongoing to secure the necessary approvals. 

Robert outlined OKX's focus on several key areas, including the spot market, derivatives, real-world asset tokenization, and stablecoin payments. He emphasized that OKX maintains strict listing standards, involving comprehensive legal, compliance, risk, and security reviews, to ensure the integrity of its offerings as the U.S. crypto market evolves.

OKX U.S. CEO: U.S. expansion is going great

Sort of a reentry into the U.S. earlier this year based in Malta. A lot of customers in Europe in Asia around the world. Not as many here in the U.S. Give us some numbers. How's the reentry into the U.S. going so far. It's been great. We've we announced our entry into the U.S. in April of this year and we've continued to build out here in the U.S. across 49 states. We are not yet licensed in New York as yet. But we you know we continue to build products and services across the spot exchange that just opened in the in the U.S. It's funny that New York is is not on limits to you right now considering you're in New York. And this is where you are based. When do you see that happening when we get licensed in New York. Well we have to go through the licensing process in New York which is something that we are considering in the long run. As far as the U.S. is concerned we have declared that our we have an office in San Jose which is our U.S. headquarters. We also have a small office in San Francisco. So the bulk of our team is a works out of San Jose and San Francisco. We have nearly 500 employees in the U.S. and they're mostly out of the West Coast. Now I want to ask about some parts of the crypto market that are probably less talked about. You know prediction markets particularly in the United States have really taken off since the election particularly. But we also reported today at Bloomberg News that the probe from the DOJ regarding poly market has ended. Now of course there are a lot of enforcement actions that were brought on for different parts of the crypto industry last year and a lot of investigations. But this one in particular I'm wondering how the crypto community plans to integrate more probability outcomes more betting outcomes into the strategies that they offer. Is it something you're thinking about. Absolutely. When we we've entered the U.S. with an idea that there are a number of different prongs that we should look at. Right. There are a few opportunity sets in the U.S. First of course is the ever expanding spot market with an ever expanding number of products within the spot market. And we are focused on that at the outset right now. As this market grows there is of course the derivatives market to focus on. That's another opportunity set that over time that we want to really concentrate on. You just mentioned in a previous episode section segment about RWA. That is a huge segment that is that is growing as well. Right. I know I haven't touched upon poly markets or or the prediction markets but in a sense you know when you look at RWA and when you look at the expansion of that market going from 15 billion end of 2024 to nearly becoming a 25 billion dollar market by June of this year. So that is a market that is expanding a lot. And then of course there is this intersection between stable coins and payments. That's an area that we want to focus on. So there's a lot of things that we want to sort of really look at. And we're going to focus on these four prongs first. Another area that has clearly taken off is tokenization. Both new tokens that are forming because of this vacuum that has existed in lawmaking for so long in the United States particularly after President Trump won Trump won the election. Do you worry here that listing standards are going to go down. I you know at least at OK X we have a strong focus on listing. We have an established process that goes through legal reviews compliance reviews risk reviews security reviews. So there's a whole lot of process and procedures involved in the listing process. So I'm pretty comfortable that the standards that we have will keep us in good stead.

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