OKX, one of many world's main cryptocurrency exchanges, has appointed Linda Racewell as the brand new Chief Authorized Officer. This determination is in keeping with the corporate's technique to speed up world enlargement.
This appointment will substitute Mauricio Beugelmans and strengthen OKX's dedication to bettering authorized presence and regulatory compliance in key markets, together with Europe and the United Arab Emirates (UAE).
OKX has named Linda Lacewell as the brand new CLO
Linda Lacewell joined OKX's board of administrators in 2024. She beforehand oversaw the New York Division of Monetary Providers (NYDFS), the place she modernized the cryptocurrency licensing framework and led groundbreaking initiatives in cybersecurity and monetary crime investigation.
This strategic transfer happens as OKX expands into extremely regulated areas. It highlights the essential position of latest CLOs in shaping the way forward for OKX on the worldwide stage.
“Linda's deep regulatory experience is invaluable because it ensures that we take these subsequent steps and meet and exceed the best compliance requirements on the planet,” OKX introduced.
In recent times, OKX has achieved nice success by increasing its market presence. The corporate secured licenses in main jurisdictions, together with Dubai and Singapore in 2022, and launched Singapore Greenback (SGD) deposit and withdrawal providers in November 2024.
In early 2025, OKX acquired a MICA (Crypto-Property Market) license. This made it one of many first cryptocurrency exchanges allowed to supply providers throughout Europe.
Regardless of its success, OKX faces regulatory challenges in some main markets. On account of strict compliance necessities, we now have not but entered the US, UK, Canada and different restricted areas. In 2023, OKX withdrew its Digital Asset Service Supplier (VASP) license software in Hong Kong. This set-off highlighted the issue of assembly regulatory necessities in a specific jurisdiction.
High cryptocurrency spot alternate. Supply: CoinMarketCap.
CoinMarketCap ranks OKX because the fifth largest alternate worldwide, with each day buying and selling volumes of over $2.3 billion. OKX's consumer base additionally has skyrocketed, rising from 20 million in 2023 to 50 million in 2024. That is a formidable 150% improve.
