Crypto change OKX is “contemplating” an preliminary public providing (IPO) with the U.S. as its most popular market, The Info reported on Sunday, citing an interview with the agency’s chief advertising officer.
“We’ll completely think about an IPO sooner or later,” mentioned Haider Rafique, chief advertising officer. “If we go public, it might possible be within the U.S.”
Experiences of Rafique’s feedback caused a 9.8% bounce in OKX’s native token OKB. From buying and selling simply above $50, OKB spiked to $55.11 earlier than falling again to the the place it was earlier than the information.
OKX established a U.S. headquarters in San Jose, California in April, having settled fees with the Division of Justice for working within the nation with out a cash transmitting license, for which it agreed to pay a $500 million nice.
Ought to the Seychelles-based change now be weighing up an IPO, it might display a newfound confidence in its U.S. operations.
Together with OKX, crypto exchanges Kraken and Bullish (owned by Bullish Group, which can be CoinDesk’s mother or father firm) each have plans to go public within the U.S.
Stablecoin issuer Circle (CRCL) accomplished its long-awaited IPO on the New York Inventory Trade (NYSE) in the beginning of this month, with its shares climbing 675% since.
OKX declined to remark when contacted by CoinDesk on the matter.
