Prominent cryptocurrency exchange OKX has unveiled its latest initiative with the launch of a new cryptocurrency exchange and Web3 wallet in Brazil.
OKX champions cryptocurrency adoption in Brazil
In the face of challenges for cryptocurrencies in various countries worldwide, the crypto infrastructure continues to rapidly expand. OKX, a leading crypto exchange, is making significant strides into the expansive Brazilian market by introducing a new cryptocurrency exchange paired with a Web3 wallet.
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As outlined in an article on the OKX website, the freshly introduced exchange provides Brazilian users with the opportunity to securely convert their currency into cryptocurrencies.
Security emerges as a paramount concern for Brazilians
A recent study commissioned by OKX Brazil reveals that security is a primary apprehension for individuals contemplating cryptocurrency investments. A staggering 92% of respondents emphasized the “need for clear and transparent information about the security of their investments.”
Emphasizing robust security measures, the newly launched OKX wallet incorporates both Multi-Party Computation (MPC) and Account Abstraction (AA) technology.
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The wallet not only prioritizes security but also empowers users to engage in decentralized finance (DeFi), trade non-fungible tokens (NFTs), and utilize decentralized applications (dApps), among other features.
Key statements from OKX leadership
Hong Fang, President of OKX, expressed enthusiasm about the company’s entry into the Brazilian market:
“We are thrilled to officially introduce our localized platform and services in Brazil, representing the largest cryptocurrency market in Latin America. Our exchange now provides BRL rails, deep liquidity, tools, security, and transparency, meeting the preferences of Brazilian traders. Our OKX Wallet simplifies access to DeFi, NFTs, dApps, and more. We eagerly anticipate contributing to the innovation and growth of the Web3 and crypto economy as the Brazilian market matures.“
Guilherme Sacamone, OKX Brazil’s General Manager, affirmed the company’s commitment to assisting Brazil in realizing its potential as a cryptocurrency and Web3 leader in global decentralized finance:
“OKX is dedicated to aiding Brazil in harnessing its enormous potential as a cryptocurrency and Web3 leader in global decentralized finance. Consequently, we have delivered a comprehensive platform that seamlessly combines world-class crypto excellence with a user experience tailored specifically for the Brazilian market.
Brazilians can expect fast, liquid trading and a secure custodial wallet solution they can trust, all in one application, in line with our recent survey results highlighting security and transparency as major priorities for Brazilian crypto users.”
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