Explore DeFi and trade hundreds of cryptocurrencies with OKX’s new platform in Brazil, offering advanced features and staking rewards.
With OKX launching its cryptocurrency exchange and Web3 wallet platform in Brazil, consumers of cryptocurrencies now have an additional way to explore the world of decentralised finance (DeFi) and cryptocurrencies.
Brazilian customers will have access to a robust platform for trading hundreds of cryptocurrencies through OKX, a global web3 tech business and cryptocurrency exchange. Additionally, it offers customers cutting-edge crypto features like DeFi integrations and staking rewards.
OKX Wallet is also accessible on the platform. With the help of this Web3 wallet, you may access and manage DeFi products, trade NFTs, use decentralised apps (dApps), and much more through a secure, user-friendly self-custody portal. It has both account abstraction (AA) capabilities and multi-party computation (MPC) technology. This will therefore open the door for broader acceptance among non-technical consumers.
“We’re excited to officially launch our localized platform and services in Brazil,” stated Hong Fang, president of OKX. Ultimately, it is Latin America’s largest cryptocurrency market. Brazilian traders can now access BRL rails, deep liquidity, tools, security, and transparency on our exchange. Simplified access to DeFi, NFTs, dApps, and other resources is offered by our OKX Wallet. As the Brazilian market develops, we look forward to spearheading innovation and expansion of the Web3 and cryptocurrency economy with millions of consumers.
Designed for a high uptake of cryptocurrency
Security is presently the main issue for Brazilian cryptocurrency users, according to a recent study conducted on behalf of OKX Brazil and including both crypto and non-crypto users. Ninety-two percent of respondents said they needed to know in detail how secure their investments were, and eighty-six percent said proof-of-reserves, or PoR, might help the cryptocurrency market become more reputable and mature.
Every month, OKX provides on-chain proof-of-reserves reports that are validated using zk-STARKs cryptography. According to the most recent report, user assets are backed by primary assets of 12.5 billion, or 103%.
“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,” stated Guilherme Sacamone, general manager of OKX Brazil. Because of this, we created a comprehensive platform that combines the best cryptography practices from across the world with a user interface designed with the Brazilian market in mind.
We are aware that Brazilians anticipate one app that offers both safe self-custody wallet functionality and quick and liquid trading. We also acknowledge that security and transparency are the top concerns for cryptocurrency users in the nation, as indicated by the findings of our most recent poll. As a result, OKX offers the strongest security measures for its trading solutions, like our strong proof-of-reserves program.
