Crypto Giant OKX Eyes U.S. IPO — OKB Soars 14% on the News

TradingKey – Cryptocurrency exchange OKX is reportedly preparing for a U.S. initial public offering, sending its native token OKB surging over 14%.

On Monday, June 23, OKB jumped from $49 to above $56 following the IPO news, before pulling back to around $53.

OKB Price Chart – Source: TradingView.

OKX ranks as the world’s third-largest crypto exchange by futures volume, trailing only Binance and Bybit, and fifth in spot trading volume, behind Binance (BNB), Bybit, Coinbase (COIN), and Upbit.

According to Yueqi Yang, a crypto journalist at The Information, OKX began exploring a U.S. IPO after re-entering the American market in April. The successful listing of Circle, the issuer of USDC, has signaled growing regulatory acceptance and investor appetite — fueling a wave of IPO interest among crypto firms and boosting OKX’s chances of going public.