OKCoin makes expansion to Latin America and establishes fiat market

OKCoin makes expansion to Latin America and establishes fiat market
Nov 16, 2018 by Rico Wise

As per the press release, the said expansion of OKCoin arrives subsequent to becoming a completely licensed network to work in the area. Originally, it will let customers in Argentina deposit pesos to the network for further trading with BTC, BCH, ETH, ADA, XLM, ZEC, and ZRX currencies.

The document also points that more fiat currencies and digital assets are to be included in the upcoming future. To solidify its position in Latin America, OKCoin establishes one of its offices in Buenos Aires and gathers a team to maintain the business operations of the exchange across Latin America.

It is worth noting that OKCoin at some point was one of the biggest cryptoexchanges in China before the cryptotrading ban took place in the region. In January, it deployed its platform in South Korea and expanded to the United States with fiat-to-crypto offerings this summer.

At the moment, the cryptoexchange supports USD trading and has presence in more than 110 countries. By adding the Argentine fiat currency, the exchange proves its commitment to introducing cryptotrading to the marketplaces of Latin America. OKCoin claims that expansion to Argentina is just the beginning, with more Latin American countries to follow soon.