According to Nick van Eck, increased competition from global crypto exchanges like OKX will benefit American users, especially if OKX gains regulatory approval to operate in New York (source: Nick van Eck on Twitter, May 7, 2025). For traders, an OKX launch in New York could lead to tighter spreads, lower fees, and greater asset diversity, directly impacting liquidity and trading opportunities on US-based platforms. The arrival of more global exchanges may also incentivize domestic platforms to innovate and improve user experience, potentially boosting overall crypto market activity in the US (source: Nick van Eck on Twitter, May 7, 2025).