OKX Expands into Payments with OKX Pay Wallet Launch Following US Market Re-Entry

• OKX Pay Wallet will launch next week, focusing on stablecoin payments within the OKX app.
• OKX enters the U.S. market with a new headquarters in San Jose after settling compliance issues.
• Roshan Robert appointed CEO of OKX U.S. to lead regulatory engagement and compliance strategy.

Major crypto exchange OKX is getting ready to launch a new payment service called OKX Pay Wallet. OKX Founder and CEO Star Xu announced the upcoming launch via a post on X, stating it’s scheduled for next week. Xu sees this as a key step toward wider crypto use, calling it “the road to billion-user crypto adoption.”

This announcement comes after OKX separated its DeFi and self-custody wallet features into a standalone OKX Wallet app last month. 

OKX Pay Wallet Features: Stablecoins, P2P & Fiat Ramps

While full details are still emerging, Xu shared screenshots showing some core features. Importantly, OKX Pay Wallet will be built into the existing OKX exchange app, not released separately. Based on Xu’s post, the wallet aims to make crypto payments easier using stablecoins like USDT and USDC. It will support peer-to-peer (P2P) transfers and payments to merchants, likely using QR codes or similar point-of-sale tech.

The system also includes instant fiat on-ramps and off-ramps. This feature should allow users to quickly switch between traditional money (like dollars or euros) and crypto within the wallet.

X Layer to Power OKX’s Global Payment Vision

OKX’s own Layer 2 network, X Layer (built using Polygon’s CDK), will be the technology powering the Pay Wallet. This fits with Star Xu’s vision of making X Layer a major global payment chain. The screenshots also hinted at extra features like “Crypto Gifts,” digital red envelopes, and chat menus to make the wallet more interactive.

The timing of the OKX Pay Wallet launch aligns with other big moves by the company. OKX recently confirmed its official re-entry into the United States market, setting up a regional headquarters in San Jose, California. This move came after OKX settled with U.S. authorities in February 2025, agreeing to pay over $504 million in penalties related to earlier unlicensed operations in the country.

As part of its new US strategy focused on compliance, OKX hired Roshan Robert, formerly of Barclays and Morgan Stanley, as CEO of its American division. Robert highlighted OKX’s goal to offer compliant digital asset products as US regulations continue to take shape.