OKX Expands Crypto Services with Exchange and Web3 Wallet Launch in Argentina

Bits Logics Team . 08th Feb 2024

In a strategic move to tap into the thriving Latin American crypto market, OKX, a prominent global Web3 technology firm and cryptocurrency exchange, has officially introduced its cutting-edge exchange platform and Web3 Wallet in Argentina.

OKX Exchange stands out as a trusted platform for crypto trading, staking, and liquidity across a vast array of crypto assets. Argentine users can now access the non-custodial OKX Web3 Wallet, offering a secure gateway to manage decentralized finance (DeFi), trade non-fungible tokens (NFTs), utilize decentralized applications (dApps), and more, all within an intuitive and user-friendly interface.

A key feature in the expansion is the availability of OKX P2P, an industry-leading peer-to-peer platform facilitating direct crypto purchases from verified local users. This platform ensures accessibility for Argentinians by providing dedicated Spanish-language support and a selection of popular local payment alternatives within the peer-to-peer framework.

Hong Fang, President of OKX, expressed excitement about the expansion, stating, “As pioneers at the nexus of technology and finance, our user-centric approach aims to accelerate adoption by meeting local needs first.” OKX, boasting over 50 million users globally, is committed to providing secure access to crypto exchange services and Web3 technology for both retail and institutional participants.

Alejandro Estrin, OKX Argentina Country Manager, emphasized the company’s focus on security, transparency, and compliance with AML/KYC regulations. Estrin highlighted OKX’s commitment to building trust through verifiable proof of reserves, industry-leading custody solutions, and an Argentina-localized trading platform featuring popular crypto assets with deep liquidity.

OKX has been a trailblazer in promoting transparency, being among the first to publish monthly Proof-of-Reserves verified via zk-STARKs cryptography. The latest proof of reserves underscores OKX’s commitment to user protection, with over 14.9 billion in assets securing user funds at a robust 104% collateralization rate.

As the crypto and blockchain landscape continues to expand in Latin America, OKX sees Argentina as a pivotal launch pad for its regional growth strategy, aiming to accelerate responsible crypto innovation across retail and institutional participants in the country.