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Cryptocurrency exchange OKX is considering going public in the US, according to The Information.

The move comes after the platform's relaunch in the US in April, following a $500 million settlement with the Department of Justice (DOJ) in February for operating a money transmitting business without a license.

To lead its expansion in the US, OKX established its headquarters in San Jose, California, and appointed Roshan Robert, a former executive at Morgan Stanley and Barclays, as CEO.

Under his leadership, the company has rapidly expanded its US workforce to 500 employees in New York, San Francisco, and San Jose.

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