"¡Estamos Expandiéndonos a Latinoamérica!" says the company.
OKCoin International, a Hong Kong-based cryptocurrency/fiat Exchange , is setting up in Argentina. This follows its September expansion to 20 additional states in the US.
"A Region with More Smartphones Than Bank Accounts"
Specifically, in exchange for the Argentine peso, the exchange will be able to offer most major Cryptocurrencies.
The company says: "It’s a genuinely exciting time for Latin American cryptocurrency investors. This is a region with more smartphones than bank accounts, and its population is eyeing crypto tokens with interest."
OKCoin International handled $1.2 million in cryptocurrency trading in the last 24 hours according to coinmarketcap.com. Its crypto-to-crypto entity, OKEx, registered $1.6 billion.
As much as the subsidiary is bigger, however, it is more controversial. In March 2018, a cryptocurrency trader presented fairly convincing evidence that OKEx was fabricating the majority of its trading volumes, an accusation that the exchange denied. In May, the CEO of OKEx resigned without giving a reason.
Don't Cry for Me
When you think of cryptocurrency and South America, Venezuela is most probably the first place that comes to mind. The state's economy has collapsed due to government mismanagement, and President Nicolas Maduro decided to create an oil-backed national cryptocurrency, the Petro, to restore faith (as well as to avoid US sanctions).
In August, the fiat currency of the country had become so worthless that Maduro took the drastic step of pegging it to the Petro. More recently, the government decreed that passports can only be purchased with the Petro. In this environment, thousands of merchants accept cryptocurrency, and many people are mining from home - electricity in the country is heavily subsidised.
In Chile, cryptocurrency businesses found themselves homeless in April, when all the national banks decided to deny them service. After taking them to the supreme court, one bank relented.
Binance, OKEx' main competitor, recently held a meetup in Córdoba. Not to be outdone, it is currently looking for a place to set up in South America too.
OKCoin International, a Hong Kong-based cryptocurrency/fiat Exchange , is setting up in Argentina. This follows its September expansion to 20 additional states in the US.
"A Region with More Smartphones Than Bank Accounts"
Specifically, in exchange for the Argentine peso, the exchange will be able to offer most major Cryptocurrencies.
The company says: "It’s a genuinely exciting time for Latin American cryptocurrency investors. This is a region with more smartphones than bank accounts, and its population is eyeing crypto tokens with interest."
OKCoin International handled $1.2 million in cryptocurrency trading in the last 24 hours according to coinmarketcap.com. Its crypto-to-crypto entity, OKEx, registered $1.6 billion.
As much as the subsidiary is bigger, however, it is more controversial. In March 2018, a cryptocurrency trader presented fairly convincing evidence that OKEx was fabricating the majority of its trading volumes, an accusation that the exchange denied. In May, the CEO of OKEx resigned without giving a reason.
Don't Cry for Me
When you think of cryptocurrency and South America, Venezuela is most probably the first place that comes to mind. The state's economy has collapsed due to government mismanagement, and President Nicolas Maduro decided to create an oil-backed national cryptocurrency, the Petro, to restore faith (as well as to avoid US sanctions).
In August, the fiat currency of the country had become so worthless that Maduro took the drastic step of pegging it to the Petro. More recently, the government decreed that passports can only be purchased with the Petro. In this environment, thousands of merchants accept cryptocurrency, and many people are mining from home - electricity in the country is heavily subsidised.
In Chile, cryptocurrency businesses found themselves homeless in April, when all the national banks decided to deny them service. After taking them to the supreme court, one bank relented.
Binance, OKEx' main competitor, recently held a meetup in Córdoba. Not to be outdone, it is currently looking for a place to set up in South America too.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!