OKX launches exchange, P2P platform, and Web 3.0 wallet in Argentina

The company named the country as the most important launching pad for its regional growth strategy

08.02.2024 - 12:55

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What’s new? OKX has announced the official launch of a crypto exchange, P2P platform, and non-custodial Web 3.0 wallet in Argentina. OKX President Hong Fang called the country a critical launchpad for the company’s regional growth strategy. OKX Argentina Manager Alejandro Estrin also noted that the company intends to accelerate crypto innovation among retail and institutional participants in the local market in a compliant manner.

Press release

What else is known? OKX previously received a license from the Dubai regulator to serve retail customers and has also begun partnering with the first Hong Kong-licensed crypto exchange, HashKey, whose valuation recently surpassed $1 billion. The companies will develop blockchain infrastructure in the local market.

Also in January, the OKX wallet added support for new Inscriptions types on various networks, including SRC-20 (Stamps), ARC-20 (Atomicals), DRC-20 (Doginals), and Runes. Thanks to the early addition of bitcoin Inscriptions support, OKX’s NFT marketplace overtook the leading marketplaces in trading volume in December.

OKX saw the largest market share gain among the leading exchanges in 2023 (+4,3%).

Argentina abolishes tax requirements for cryptocurrencies

Interior Minister Guillermo Francos said Congress had not reached a consensus on the initiative

At the same time, the exchange will close its mining pool and related services on February 26 due to “business adjustments.” The pool with 14 active miners supports BTC, LTC, and ETC. Among BTC pools, OKX ranks only 36th.

Additionally, in February, Korea’s largest exchanges accused OKX of promoting its launch pool to local traders without proper registration. Journalists from 404 Media reported that they were able to bypass the exchange’s KYC check using an AI-generated passport.

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