OKX launches crypto exchange and Web3 wallet in Brazil
“Our exchange now offers BRL rails, deep liquidity, tools, security and transparency that Brazilian traders want. Our OKX Wallet provides simplified access to DeFi, NFTs, dApps and more. We look forward to driving innovation and growth of the Web3 and crypto economy with millions of users as the market matures in Brazil.”
OKX has announced the launch of its crypto exchange and wallet in Brazil, thus introducing its gateway for Brazilian users to engage in decentralized finance (DeFi) and crypto trading.
The OKX platform in Brazil includes Brazilian Real (BRL) fiat-on-ramp capabilities, making it more accessible for local users.
“BRL rails, deep liquidity, tools, security, and transparency”
The OKX Exchange offers Brazilians a platform to trade hundreds of cryptocurrencies. It features advanced crypto options like staking rewards and DeFi integrations.
The OKX Wallet is part of the platform. This wallet enables self-custody and easy management of DeFi products, NFT trading, and decentralized app (dApp) usage. The Web3 wallet integrates Multi-Party Computation (MPC) technology and Account Abstraction (AA) features, aimed at non-technical users.
Hong Fang, OKX President, commented: “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. Our OKX Wallet provides simplified access to DeFi, NFTs, dApps and more. We look forward to driving innovation and growth of the Web3 and crypto economy with millions of users as the market matures in Brazil.”
Liquid trading and self-custody wallet solution
Guilherme Sacamone, OKX Brazil General Manager, added: “OKX is committed to helping Brazil reach its enormous potential as a leader in the adoption of cryptocurrencies and decentralized finance in the Web3 universe. For this reason, we delivered a comprehensive platform that combines global crypto excellence with user experience specifically tailored to the Brazilian market. We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app. Given the results of our recent survey, we also recognize that security and transparency are top priorities for crypto users in the country. Therefore, OKX provides its trading solutions with the best security features, such as our robust Proof of Reserves program.”
A study by OKX Brazil showed that security is a primary concern among Brazilian crypto users. 92% of participants stressed the need for clear information on investment security, and 86% recognized the positive impact of Proof-of-Reserves (PoR) on the cryptocurrency market’s legitimacy.
OKX stands out in security, providing monthly, on-chain Proof-of-Reserves reports verified by zk-STARKs cryptography. The latest report confirms that 12.5 billion in primary assets back user assets by 103%.
OKX launched Signal Trading via TradingView
Earlier this month, OKX launched its Signal Trading service designed to seamlessly connect signal providers with traders. This service leverages the capabilities of TradingView’s charting platform to enable the creation and execution of trading signals, which suggest optimal moments for buying or selling cryptocurrencies.
Signal Trading presents signal providers with a lucrative opportunity to reach OKX’s extensive user base, which exceeds 50 million traders. The integration with TradingView is set to amplify the providers’ ability to generate and disseminate signals. They can also enjoy reduced latency and cost benefits compared to third-party platforms.
Traders, on the other hand, can bypass subscription fees and avoid latency issues often encountered with external platforms. OKX’s ecosystem provides a diverse array of signal providers, including institutional and professional traders, ensuring trust and reliability in the crypto exchange’s offerings.
OKX’s Signal Trading complements its suite of automated trading resources, which includes Trading Bots for round-the-clock trade automation and Copy Trading, allowing users to mirror the trades of seasoned traders effortlessly. These tools underscore OKX’s dedication to enhancing user experience and engagement in the crypto trading domain.
Institutional clients can trade via CoinRoutes
OKX also expanded its partnership with CoinRoutes to include a full range of API-enabled trading services to institutional clients, the two leading crypto-specialized firms announced. With the introduction of a full range of API-enabled trading services, institutional users with an OKX account can now trade on OKX through the CoinRoutes interface.
The institutional grade crypto trade Execution Management System (EMS) helps participants achieve best execution by trading on over 65 major CEXs, DEXs, and Liquidity Providers covering more than 3,000 assets (spot, perpetuals, futures) via a single API or its trading app.
In a single order, institutional players can trade across DeFi and CeFi, using CEXs, DEXs, and LPs through CoinRoutes’s system, which also allows them to choose counterparties instantly and diversify counterparty risk.