Posted 11/27/2023, 12:56:15 PM
OKX Launches Crypto Exchange and Web3 Wallet in Brazil Amid Surging Adoption
- OKX launched a crypto exchange and Web3 wallet in Brazil to provide services as the country expands crypto adoption
- The company cites high crypto potential in Brazil and wants to be a gateway to DeFi and trading paired against the Brazilian Real
- OKX said 92% of Brazilians want transparency about investment security and 86% agree proof-of-reserves can legitimize the crypto market
- Brazil was one of the top 10 global markets for crypto adoption in 2023, with leading preference for centralized exchanges per Chainalysis
- The country has seen massive growth in crypto activity lately, including 80% of transactions occurring via Tether (USDT) stablecoin