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OKX launches crypto exchange and Web3 wallet in Brazil

OKX launched crypto exchange and Web3 wallet in Brazil, providing a secure platform for cryptocurrency trading and decentralized finance (DeFi).

The OKX Exchange offers Brazilian users a platform to trade hundreds of cryptocurrencies and provides users with advanced crypto features including staking rewards and DeFi integrations.

The platform features :

  • user-friendly access to major cryptocurrencies
  • advanced trading tools
  • a non-custodial wallet with innovative security measures tailored for Brazilian users.

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, said the Brazilian market has “enormous potential” to lead in crypto adoption and decentralized finance (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.

According to a recent study by OKX Brazil, security is a top priority for Brazilian crypto users. OKX aims to propel the country’s potential as a crypto leader by delivering a platform tailored to local preferences. The firm’s recent Proof-of-Reserves report disclosed USD $12.5 billion in primary assets, which represent a reserve ratio of 103% to customers’ funds.

🌍 As we continue our global mission to drive crypto forward, we’re excited to announce the official launch of our crypto exchange & Web3 wallet in Brazil! 🇧🇷

As @GSacamone highlights, we’re set to empower Brazil’s economy & push global crypto innovation:— OKX (@okx) November 27, 2023

Related : OKX review 2023

According to data from Chainalysis, in 2023, Brazil was one of the largest cryptocurrency markets in Latin America, alongside Argentina and Mexico. The data puts Brazil in ninth place for overall global crypto adoption.

Crypto activity in Latin America by platform type. Source: Chainalysis 

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

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