OKCoin expands to South America

posted 5 months ago
Cryptocurrency exchange OKCoin expands to the Latin American market with a platform to let users trade cryptocurrencies against local fiat currencies. OKCoin recently became a fully licensed platform to operate in the region. Initially, it will allow users in Argentina to deposit Argentine pesos to the platform, which can then be traded with Bitcoin. OKCoin is also opening an office in Buenos Aires and setting up a team to “support its business throughout Latin America.” Notably, OKCoin was once one of the largest cryptocurrency exchanges in China prior to the region’s trading ban, and since the crackdown has been expanding at a rapid pace. In January, it launched its platform in South Korea and entered the US with fiat-to-crypto offerings back in July.

Tim Buyn, the CEO of OKCoin USA, was quoted as saying: “This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence....[cryptocurrencies offered on the platform] can help stabilize the economy by offering investors an alternative option...[OKCoin believes the best way to help the cryptocurrency ecosystem grow is] to bring safe, secure and fully licensed trading to consumers in a way that abides by all relevant regulations.”
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