With tropicalized products focused on the Brazilian public, OKX celebrates one year of operations in Brazil today. During this period, customers moved around R$2 billion on the exchange.

OKX Brazil celebrates one year of operations and consolidates its presence in the national crypto market

OKX Brazil completes one year of operations in the country, registering a significant volume of more than R$2 billion in transactions on its platform.

Since its arrival in November 2023, the exchange has been consolidating its position in the Brazilian market. With a local team dedicated to continually adjusting its services, the idea is to primarily meet the specific needs of Brazilian users.

“We saw great potential when we brought OKX to Brazil in November last year and committed to creating a platform that represents the region and works for our customers, with robust products and ease of use,” says OKX Brazil CEO Guilherme Sacamone.

Completing one year is an important milestone, and we continue to see the potential for our market to lead Latin America in crypto adoption, serving as a foundation for further expansion in the region. The crypto market in Brazil is maturing, and we are excited to grow and evolve alongside our commercial and regulatory partners.

OKEx customers want clear information

With the mission of promoting financial freedom, OKEx conducted a survey to better understand customer demands. The results indicated that 92% of respondents highlighted the importance of clear information about the security of their investments. While 86% stated that Proof of Reserves (PoR) is essential to strengthen the credibility of the cryptocurrency market in the country.

After a year of growth and adaptation, OKX reaffirms its commitment to financial inclusion, seeking to offer innovative alternatives to traditional financial systems.

Being present and transparent in the region is essential for OKEx in the coming year. The exchange remains a board member of the Brazilian Cryptoeconomics Association (ABCripto) and will provide Proof of Reserves of its assets on a monthly basis, Sacamone concluded.

OKX bets on tropicalized products

The company continues with ambitious goals for the coming year. It focuses mainly on developing products that meet the security and transparency expectations of Brazilian customers. The idea is to expand its role in the advancement of the crypto economy in Latin America.

The article OKX moves R$2 billion in Brazil in one year of operations was first seen on BeInCrypto Brasil.