2024

Bitcoin

OKX launched localized trading services in Argentina on February 7 to provide Argentinians access to the non-custodial OKX Web3 Wallet. 
This development will establish a secure gateway for managing DeFi, trading NFTs, accessing dApps, and more in one of Latin America’s largest crypto markets and the country with the third-largest GDP. 
<h2 id="okx-expands-global-footprint-with-foray-into-argentina">OKX Expands Global Footprint With Foray Into Argentina</h2> 
 The debut includes the introduction of a localized crypto exchange platform and a Web3 wallet, <a href="https://www.okx.com/learn/expanding-our-global-footprint-okx-enters-argentina">according to the OKX press release</a>. 
We're thrilled to announce the official launch of our exchange and Web3 Wallet in Argentina! 
This global expansion is a vital step in unlocking the potential of crypto across Latin America. Get more details here <a href="https://t.co/uiWG1Ur2Ta">https://t.co/uiWG1Ur2Ta</a> <a href="https://t.co/W2GTfT4ynD">pic.twitter.com/W2GTfT4ynD</a> 
— OKX (@okx) <a href="https://twitter.com/okx/status/1755290416927117757?ref_src=twsrc%5Etfw">February 7, 2024</a> 
Other products available to local investors include peer-to-peer trading, staking, and extensive liquidity spanning numerous digital assets. 
OKX President Hong Fang expressed satisfaction with the launch of their latest expansion. 
“We’re pleased to officially launch our latest expansion of our world-class crypto exchange and Web3 wallet in one of Latin America’s most vibrant crypto markets,” she said. 
She also emphasized the great potential of crypto and blockchain in Latin America, highlighting Argentina as a key point for their regional growth strategy. <a href="https://www.chainalysis.com/blog/latin-america-cryptocurrency-adoption/">According to Chainalysis</a>, Argentina is the second-largest crypto market in Latin America, home to over 4 million crypto users. 
<h2 id="crypto-adoption-continues-to-soar-in-latin-america">Crypto Adoption Continues to Soar in Latin America</h2> 
 There is a good reason behind OKX’s strategic Latin America move. In December 2023, <a href="https://cryptonews.com/news/crypto-exchange-okx-officially-debuts-in-brazil-offers-trading-with-advanced-features.htm">the exchange opened shop in Brazil</a>, Latin America’s biggest crypto market. 
With rising inflation and difficulties with cross-border payments, it’s easy to understand why <a href="https://cryptonews.com/news/cryptoasset-ecosystem-booms-latin-america-caribbean-study.htm">crypto adoption continues to rise</a> in Latin America. According to the Chainalysis Global Adoption Index, the region received about 9.1% of the global crypto in 2023. Institutional adoption in Latin America has also been encouraging. 
Brazil’s largest bank <a href="https://cryptonews.com/news/brazils-largest-lender-itau-unibanco-brings-bitcoin-trading-service-to-clients.htm">Itau Unibanco now offers crypto trading</a> services to its clients. The bank also serves as the crypto custodian of the assets, as it now allows customers to trade crypto assets like Bitcoin and Ethereum. Popular cities in Argentina, such as Buenos Aires, now even accept Bitcoin as a form of tax payment. The Santa Fe Province also <a href="https://www.ambito.com/finanzas/criptomonedas/una-localidad-santa-fe-invertira-ganarle-la-inflacion-n5413523">considered</a> using funds from crypto mining to finance state projects.

OKX Breaks Into Argentina With Wallet And Crypto Exchange

Table of Contents

Cryptonews.com

Other articles published on Feb 7, 2024

Turn $1000 Into $100,000 in 2024 With These 3 Tokens

A Guide to Buy, Sell, Trade, and Redeem Digital Gold Token AIGold

Paxos and Chainlink power up PayPal’s PYUSD with price feed integration

Rebel Satoshi Gains Momentum as Traders Shift Focus from Litecoin AAVE and Bitcoin Cash

US Judge Approves Sealed Settlement Between BlockFi and Three Arrows Capital

Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase

Join our free newsletter for daily crypto updates!