OKX in Argentina: Cryptocurrency Exchange Announces Start of Operations in Argentina

Crypto News – The cryptocurrency exchange OKX has declared its entry into Argentina, continuing its goal of entering the Latin American market. This action comes after its late 2023 introduction in Brazil.

OKX in Argentina: Cryptocurrency Exchange Announces Start of Operations in Argentina

OKX recently released a statement announcing that Argentine customers will have access to the exchange’s cryptocurrency platform, as well as a self-custody wallet and NFT trading capabilities.

According to the Chainalysis 2023 Global Crypto Adoption Index, which evaluates both real-world and on-chain data to determine which countries are leading the way in the adoption of cryptocurrencies, Argentina is ranked 15th.

Can OKX Beat Rival Binance in Argentina?

The statement was made almost nine months after Argentina’s first exchange services were introduced by rival cryptocurrency exchange Binance. Maximiliano Hinz, Binance’s director for the Latam southern cone, told Reuters in April 2023 that the decision to expand was brought about by Argentina’s rising need for cryptocurrency services.

This launch has to do with the public demand that exists here,

Hinz

On the other hand, Argentina’s notable recent surge in cryptocurrency use was highlighted by OKX president Hong Fang.

We are delighted to officially launch the latest expansion of our world-class exchange and Web3 wallet in one of the most vibrant cryptocurrency markets in Latin America.

Fang