Licensed exchange now offers Argentine peso funding to trade with several major cryptocurrencies; other Latin American fiat currencies coming soon
SAN FRANCISCO & BUENOS AIRES, ARGENTINA — November 15, 2018 — OKCoin, one of the world’s leading digital asset exchanges offering its services over 110 countries, announced today the launch of its licensed exchange platform in Latin America by offering fiat-to-crypto trading between the Argentine peso and several major cryptocurrencies. Starting today, traders in Argentina can deposit Argentine peso (ARS) in exchange for cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Cardano, Stellar, Zcash and 0x, with more being added soon. Other Latin American fiat currencies will be added in the coming months. OKCoin plans to open an office in Buenos Aires and build up a team to support its business throughout Latin America.
“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina,” said Tim Byun, CEO at OKCoin USA. “This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence.”
OKCoin already supports fiat trading for US dollars from users throughout the world. By adding the Argentine peso to its growing stable of fiat-based trading options, OKCoin signifies its commitment to bringing cryptocurrency trading to Latin American markets. The company plans to expand throughout Latin America and the rest of the world by supporting more local fiat currencies in the near future.
OKCoin is a licensed exchange that enables consumers to buy and sell digital assets in a regulated, secure and compliant environment. The company expanded to offer fiat trading in the US earlier this year and recently added crypto-to-crypto trading for 20 United States.
Today’s announcement comes as OKCoin prepares to participate in this week’s C20 Conference, which is billed as the world’s most important Spanish-language crypto conference, taking place November 16 - 17 in Buenos Aires. OKCoin is proud to be a main sponsor of the event and showcase its exchange platform to conference attendees at booth #17 in the expo. The company’s Latin American representative, Pablo Magro, will speak on “How to Buy Cryptocurrencies in Latin America” on November 17th at 2:10pm local time.
Argentinian consumers can get started with fiat trading by registering for an OKCoin account at www.okcoin.com and completing the individual or corporate verification form.
About OKCoin
Founded in 2013, OKCoin is one of the world’s first and largest regulated digital asset exchanges. The company provides traders and institutions with a fiat-to-token and crypto-to-crypto trading platform for digital assets including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, XRP, Cardano, Stellar, Zcash, 0x and others. OKCoin’s mission is to eliminate trade barriers and improve transaction efficiency while complying with the highest regulatory standards in the US and the world. As a registered Money Services Businesses (MSB) with the Financial Crimes Enforcement Network (FinCEN). The company is headquartered in San Francisco, with offices around the world to serve its growing community and customer base. For more information, visit www.okcoin.com.
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Expands its licensed exchange to include five new fiat-to-crypto and token-to-token trading pairs
SAN FRANCISCO — September 19, 2018 — OKCoin, one of the world’s leading digital asset exchanges, today announced it has listed five new popular convertible virtual currencies on its exchange, including XRP, Cardano (ADA), Stellar (XLM), Zcash (ZEC) and 0x (ZRX). US traders and institutional investors in applicable states can now buy and sell these five convertible virtual currencies safely and securely through OKCoin’s licensed trading platform. The five new convertible virtual currencies will be paired against fiat (USD), Bitcoin and Ethereum.
Fiat-to-Token Pairs
The five new convertible virtual currencies will be paired against USD and available for trading to California residents. This addition adds to OKCoin’s rapidly growing stable of convertible virtual currencies paired against fiat, which also includes Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
Token-to-Token Pairs
The five new convertible virtual currencies will be paired against Bitcoin and Ethereum and available for token-to-token trading in 21 US states.
“We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them,” said Tim Byun, OKCoin USA CEO. “As we build out the broadest set of financial products on a globally regulated exchange, we are committed to expanding the trading pairs for our customers, while bringing tokens to the exchange that offer utility, value and demonstrable use cases. Today’s announcement signifies a giant step forward for the entire ecosystem.”
XRP
An independent, decentralized digital asset, XRP settles payments in 3-4 seconds and can scale to handle 50,000 transactions per second, which makes it the best digital asset for cross border payments. Ripple, an enterprise blockchain company, uses XRP in one of their products - xRapid - to help banks and payment providers source liquidity on demand.
Cardano (ADA)
Cardano is a decentralised public blockchain and cryptocurrency project that is fully open source. Based on a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed, Cardano’s focus is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users.
Lumens (XLM)
Lumens are the native token of Stellar, an open network that allows any currency or asset to be digitally issued, transferred, and exchanged over the internet. The Stellar public ledger has a built-in order book, pathfinding algorithm, and network token that together allow assets to move seamlessly between participants. With investment from payment company Stripe and a partnership with IBM, Stellar is an open-source, decentralized protocol for the transfer of value globally.
Zcash (ZEC)
Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography. Aiming to make transactions more private than other cryptocurrencies, Zcash allows users to selectively disclose private information such as the sender, recipient and amount being transacted.
0x (ZRX)
Enabling the creation of a decentralized exchange, 0x is an open source protocol designed for exchanging any ERC20 token on the Ethereum blockchain in a fast and cost-effective way. The 0x protocol facilitates the exchange of a growing number of Ethereum-based tokens including currencies, game items, and many more digital assets.
About OKCoin
Founded in 2013, OKCoin is one of the world’s first and largest regulated digital asset exchanges. OKCoin provides traders and institutions with a fiat-to-token trading platform for digital assets including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Cardano, Stellar, Zcash and 0x. Offering fast trades and industry-leading expertise and support, OKCoin’s mission is to help eliminate trade barriers and improve transaction efficiency while complying with the highest regulatory standards in the US and the world. Headquartered in San Francisco, OKCoin has a global footprint with offices around the world to serve its growing community and customer base. For more information, visit www.okcoin.com.
Media Contact
Matt McAllister
Fluid PR & Communications
(510) 229-9707
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