OKX launches crypto exchange, wallet services in Brazil
The global cryptocurrency exchange and Web3 service provider launched a local exchange and Web3 wallet in Brazil as the country continues its competitive crypto streak.
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform.
On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp capabilities.
Guilherme Sacamone, the general manager of OKX Brazil, commented that the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi.
“We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app.”
OKX cites a recent survey that found 92% of Brazilian respondents want “clear and transparent information” about their investment security. The study also showed that 86% agreed that proof-of-reserves can make a positive impact on cryptocurrency market legitimacy and maturity.
Cointelegraph has reached out to OKX for additional information on its Brazilian expansion but has not yet received a response.
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