OKX officially launches virtual asset exchange and Web3 wallet in Brazil
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OKX officially launches virtual asset exchange and Web3 wallet in Brazil
OKX Exchange offers Brazilian users a powerful platform to trade various major cryptocurrencies.
Navigating Web3 tides with focused insightsOn November 27, global leading Web3 technology company OKX announced the official launch of its cryptocurrency exchange and Web3 wallet in Brazil, providing Brazilian crypto users with a secure and reliable gateway to decentralized finance (DeFi) and cryptocurrency trading. This move means that the functionality to trade cryptocurrencies using Brazil's local currency, the real, is now available to users.
The OKX exchange offers Brazilian users a powerful platform to trade various major cryptocurrencies, along with access to a wide range of cutting-edge crypto innovations such as staking rewards and integrated DeFi products. The platform also features a self-custody Web3 wallet designed to help users easily access and manage DeFi applications, trade NFTs, and use dApps through a user-friendly and secure self-custody channel. This is the first wallet to combine MPC technology with account abstraction (AA), enabling users with limited crypto knowledge to enter the Web3 world more easily.
OKX President Hong said: "Brazil is the largest cryptocurrency market in Latin America, and we are excited to officially launch our localized platform and services here. Our exchange delivers the functionality Brazilian traders care about most—trading in local currency—combined with deep liquidity, making it a highly secure and transparent platform and suite of tools. Our OKX Wallet provides the most seamless entry point into DeFi, NFTs, dApps, and more. As the Brazilian market continues to mature, we look forward to driving innovation in Web3 and growth in the digital asset economy together with millions of users."
Recently, an OKX Brazil office user survey revealed that security is currently the top concern for crypto users in Brazil. 92% of respondents said they want exchanges to provide more transparent information on user asset flows, while 85% believe Proof-of-Reserves (PoR) reports contribute to the legitimacy and maturity of the cryptocurrency market.
OKX leads industry security standards by publishing monthly on-chain Proof-of-Reserves reports verified using zk-STARK cryptographic technology. The latest report shows OKX holds over $12.5 billion in major assets, with user funds secured at more than a one-to-one ratio (103%).
Guilherme Sacamone, General Manager of OKX Brazil, said: "Brazil has tremendous potential to become a global leader in decentralized finance, cryptocurrency, and the broader Web3 industry. OKX is committed to helping Brazil realize this potential by delivering world-class crypto services and locally tailored product experiences. Our recent survey results clearly show that security and transparency are top priorities for Brazilian crypto users. OKX is delivering top-tier security features, including our ongoing monthly updated Proof-of-Reserves reports."
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