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
195
3 min
0
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.
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.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 531
BTC
+4.84%
-
Ethereum
$3 366.14
ETH
+9.73%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.2
XRP
+8.37%
-
Dogecoin
$0.385495
DOGE
+1.73%
-
Cardano
$0.813405
ADA
+0.89%
-
Bitcoin Cash
$485.36
BCH
+9.58%
-
Polkadot
$5.93
DOT
+3.28%
-
Stellar XLM
$0.253394
XLM
+1.44%
-
Litecoin
$89.02
LTC
+6%