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In the words of OKX President Hong Fang, “We're excited to officially launch our localized platform and services in Brazil, which represents the largest cryptocurrency market in Latin America. Our exchange now offers BRL rails, deep liquidity, tools, security and transparency that Brazilian traders want.”
Seychelles-based crypto giant OKX has expanded its services to Brazil by launching exchange and wallet services in the nation.
OKX, the second largest offshore exchange, has announced the launch of its cryptocurrency exchange and Web3 wallet platform in Brazil, which offers features like staking rewards and DeFi integration. https://t.co/wHzKSXlkWb
— Wu Blockchain (@WuBlockchain) November 27, 2023
In the press release, OKX said its new platform will provide secure crypto trading and staking facilities alongside advanced DeFi-integrated services to clients based in Brazil. OKX has also added fiat on-ramp capabilities for the Brazilian Real to its exchange.
The second product, the OKX Wallet, will be accessible directly from OKX’s platform. Besides allowing Brazil-based clients to access DeFi products, the OKX Wallet will support NFT trading and dApp usage.
OKX also highlighted that its wallet is compatible with Multi-Party Computation and Account Abstraction facilities, the latter of which is a highly anticipated feature that was added to the Ethereum (ETH) blockchain earlier this year.