OKCoin, a globally leading exchange that caters to over 110 countries, launched its expansion into Latin America this Thursday as revealed via a press release.
Providing New Services
As of November 15th, citizens in Argentina can invest the Argentine peso into major cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Stellar (XLM), and Zcash (ZEC). Over time, more Latin American currencies will see support. The office will open in Buenos Aires and will bring on a team for expanding through the country.
CEO of OKCoin USA Tim Byun commented on the development:
“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina. 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.”
Founded in 2013, OKCoin already supports U.S. dollar-to-crypto conversions worldwide. They plan to support many other first currencies as time goes on. The exchange also supports crypto-to-crypto trading in 20 different states in the U.S.
This news was revealed right before the C20 Conference. That gathering is the “world’s most important Spanish-language crypto conference” and takes place from November 16th to the 17th in Buenos Aires. Pablo Magro, head of OKCoin Latin America, will speak on “How to Buy Cryptocurrencies in Latin America” during the conference.
OKCoin was one of the first worldwide cryptocurrency exchanges. Their mission is to “eliminate trade barriers and improve transaction efficiency” while adhering to regulations across the globe. The company is registered under Money Services Businesses (MSB) within the Financial Crimes Enforcement Network (FinCEN) and is headquartered in San Francisco.