OKX Expansion: Crypto Exchange and Web3 Wallet Launch in Argentina - 9krapalm.com (2024)

February 7, 2024 PR Newswire

OKX Expansion: Crypto Exchange and Web3 Wallet Launch in Argentina - 9krapalm.com (1)

BUENOS AIRES, Argentina, Feb. 7, 2024 /PRNewswire/ — OKX, a leading global Web3 technology company and crypto exchange, today announced its latest global expansion with the official launch of its exchange and Web3 Wallet in Argentina.

OKX Exchange is the most trusted platform for crypto trading, staking, and deep liquidity across hundreds of crypto assets, with robust security protections. Argentinians can now also use the non-custodial OKX Web3 Wallet, a secure portal to manage DeFi, trade NFTs, use dApps, and more through its user-friendly interface.

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 President Hong Fang said: “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. As pioneers at the nexus of technology and finance, our user-centric approach aims to accelerate adoption by meeting local needs first. With over 50 million users worldwide, OKX provides retail and institutional participants with secure access to crypto exchange services and Web3 technology. The immense promise of crypto and blockchain is expanding across Latin America, and Argentina represents a crucial launch pad for our regional growth strategy.”

OKX Argentina Country Manager Alejandro Estrin said: “Robust security protections and transparency build trust – the foundations of mainstream adoption. That’s why OKX provides verifiable proof of reserves, industry-leading custody solutions, and stringent AML/KYC compliance. We also customized an intuitive Argentina-localized trading platform spanning popular crypto assets with deep liquidity. With these compliant, secure and user-friendly solutions tailored to local needs, we aim to accelerate responsible crypto innovation across retail and institutional participants in Argentina.”

OKX also provides transparency for users. The global exchange was among the first to publish monthly Proof-of-Reserves verified via zk-STARKs cryptography to publicly validate holdings. The latest proof of reserves showed over14.9 billionin assets backing user funds at a 104% collateralization rate. This verifiable assurance of user protection builds trust in OKX as the most reliable gateway for accessing decentralized finance.

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Learn more at https://www.okx.com/es-la

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About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit:https://www.okx.com/es-la

Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Not all products are available in all regions. Please consult your legal/tax/investment professional for questions about your specific circ*mstances.

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OKX Expansion: Crypto Exchange and Web3 Wallet Launch in Argentina - 9krapalm.com (2024)

FAQs

Is OKX available in Argentina? ›

Crypto exchange OKX has launched its crypto exchange services and digital wallet platform in Argentina. Users in Argentina can access OKX's non-custodial web3 wallet for DeFi activity, NFTs and dApp usage, according to statement.

What is the difference between OKX exchange and wallet? ›

OKX exchange allows you to buy and sell cryptocurrencies. It offers a custodian wallet backed by world-class security protocols, allowing you to trade crypto safely anywhere, anytime. OKX wallet is a separate non-custodial wallet available as a mobile application or browser extension.

What is the OKX exchange? ›

OKX is an innovative cryptocurrency exchange with advanced financial services. We rely on blockchain technology to provide everything you need for wise trading and investment. Enjoy hundreds of tokens and trading pairs.

Does OKX have a blockchain? ›

OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks.

Is OKX allowed in the US? ›

Not available to users in the United States: OKX is not available to U.S.-based users for regulatory and compliance reasons. Low liquidity for certain currencies: While it's a top-20 exchange, certain currencies trade with a low liquidity level.

Can you use OKX in the US? ›

Restrictions for US Users

Due to regulatory concerns and compliance requirements, OKX does not currently offer its full range of services to US-based customers. This includes restrictions on trading certain assets, deposit and withdrawal methods, and more.

Can OKX be trusted? ›

OKX is in the top five listed cryptocurrency exchanges, with a good reputation for enhanced security and user experience.

Can I withdraw cash from OKX? ›

The only way to withdraw crypto to fiat from OKX is by using its built-in P2P Marketplace. To do this, add a payment method to use on the P2P marketplace or connect your bank account, sell your crypto peer-to-peer to another cryptocurrency user, and withdraw the fiat amount to the connected e-wallet or bank account.

How do I withdraw money from OKX wallet? ›

Cryptocurrency Withdrawals
  1. Log in to your OKX account.
  2. Navigate to the "Wallet" section.
  3. Select the cryptocurrency you wish to withdraw.
  4. Click on the "Withdraw" button.
  5. Enter the withdrawal amount and the recipient's wallet address.
  6. Confirm the transaction and complete any additional security checks.
Apr 9, 2024

Who owns OKX wallet? ›

OKX
Company typePrivately held company
FounderStar Xu
HeadquartersSeychelles
Area servedWorldwide
Key peopleStar Xu (CEO) Jeff Ren (CIO) Haider Rafique (CMO) Tim Byun (Global Government Relations Officer) Lennix Lai (Managing Director) Hong Fang (President)
6 more rows

Is OKB real or fake? ›

OKEx is a popular and reputable online cryptocurrency exchange that provides an array of financial services to traders by using advanced, innovative blockchain technology. OKB, the native token of OKEx, is one of the top 100 cryptocurrencies featured on its home exchange along with several other major exchanges.

Can I transfer money from OKX to my bank account? ›

Once your withdrawal request has been processed and approved, the funds should be transferred to your bank account. You will receive a notification from OKX confirming the successful withdrawal.

Is OKX a Chinese company? ›

OKX, Binance and HTX, formerly Huobi, were founded in China before a government crackdown pushed operations overseas. Crypto.com was founded in Hong Kong, but its headquarters is now in Singapore.

What countries are restricted by OKX? ›

Residents of Belgium, France, Ireland, Japan, the Bahamas and the Netherlands are not permitted to open new accounts at OKX or access the Services if they have not yet opened an account.

What countries can use OKX? ›

OKX-supported countries
  • Europe. OKX is fully supported in all European countries. ...
  • Asia. Asia, home to some of the largest cryptocurrency markets in the world, is a prime focus for OKX. ...
  • North America. While OKX is available in most parts of the world, the United States is an exception. ...
  • Australia. ...
  • Africa.
Jul 14, 2023

What countries is OKX available in? ›

It currently operates in global markets including Hong Kong, United Arab Emirates, The Bahamas, and France. OKX has offices in Dubai, Turkey, Hong Kong, Silicon Valley, Singapore, and Australia.

What cryptocurrency app does Argentina use? ›

eToro. eToro has garnered the trust of Argentina and its crypto enthusiasts. Recognized as a prominent platform to acquire Bitcoin and crypto in the country, eToro provides Argentinians with a hassle-free registration, complemented by a free wallet and app.

Where are OKX servers located? ›

Market data collection details

OKEx servers are located in Alibaba Cloud cn-hongkong region (Hong Kong, China).

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