- OKX has expanded into a new location.
- The exchange will offer a “full suite” of trading services in the country.
- OKX’s president lauded the country for its rapidly accelerating crypto adoption.
In strategic global expansion, Web3 technology company OKX has officially launched its crypto exchange and wallet services in Argentina.
Argentina is the second country in Latin America with the most activity in cryptocurrencies, behind Brazil, and the 13th worldwide, with about $93 billion annual total volume. By expanding into the country, OKX is tapping into a digital assets market with rapidly accelerating adoption.
Localized Argentina OKX Exchange
According to a press release dated February 7, OKX has launched its localized Argentina platform with a full suite of Web3 services, including crypto trading, staking, and “deep liquidity across hundreds of crypto assets.”
With the launch, Argentinians can now access OKX’s non-custodial wallet to interact with decentralized finance (DeFi), NFTs, and dApps.
“Additionally, OKX P2P, an industry-leading peer-to-peer platform, is available to enable direct crypto purchases from verified local users. It offers dedicated Spanish-language support and a selection of popular local payment alternatives within P2P to make crypto accessible and provides a trusted alternative for easily obtaining crypto assets,” OKX wrote.
In a separate statement, OKX President Hong Fang lauded the development, noting that Argentina’s established crypto foothold and swift evolution make the country an “exciting” market for the exchange.
The president further reiterated that users could access monthly Proof-of-Reserves reports to learn about the safety of their funds on OKX. The exchange’s latest monthly Proof-of-Reserves report verified via zk-STARKs cryptography indicated over 14.9 billion in assets backing user funds at a 104% collateralization rate.
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