Crypto exchange operator OKCoin launches services in Argentina, trading national fiat peso in pairs with several major cryptocurrencies.
OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15.
According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.”
OKCoin has also revealed its plans to extend its services all over Latin America, adding other local fiats to the list “in the coming months.” The company also revealed its plans to open an office in Buenos Aires in the near future, building up a team to support development in the region.
As of press-time, OKEx, a global service based in Hong Kong, is the world’s largest cryptocurrency exchange by daily trading volume, reaching $1.6 billion in trades to press time, according to CoinMarketCap.
Argentina has seen several crypto-friendly moves throughout the year. In May, local bank Banco Masventas began allowing clients to use Bitcoin for cross-border transactions; in June, crypto enthusiasts launched a travelling “Bitcoin-wagon” campaign to promote cryptocurrency awareness in rural Argentina.
In another expansion move, Binance, the world’s second largest crypto exchange by press time, recently extended its fiat-crypto trading services to Uganda, letting customers trade crypto against the Ugandan shilling.