"¡Estamos Expandiéndonos a Latinoamérica!" says the company.
OKCoin International, a Hong Kong-based cryptocurrency/fiat Exchange , is setting up in Argentina. This follows its September expansion to 20 additional states in the US.
"A Region with More Smartphones Than Bank Accounts"
Specifically, in exchange for the Argentine peso, the exchange will be able to offer most major Cryptocurrencies.
The company says: "It’s a genuinely exciting time for Latin American cryptocurrency investors. This is a region with more smartphones than bank accounts, and its population is eyeing crypto tokens with interest."
OKCoin International handled $1.2 million in cryptocurrency trading in the last 24 hours according to coinmarketcap.com. Its crypto-to-crypto entity, OKEx, registered $1.6 billion.
As much as the subsidiary is bigger, however, it is more controversial. In March 2018, a cryptocurrency trader presented fairly convincing evidence that OKEx was fabricating the majority of its trading volumes, an accusation that the exchange denied. In May, the CEO of OKEx resigned without giving a reason.
Don't Cry for Me
When you think of cryptocurrency and South America, Venezuela is most probably the first place that comes to mind. The state's economy has collapsed due to government mismanagement, and President Nicolas Maduro decided to create an oil-backed national cryptocurrency, the Petro, to restore faith (as well as to avoid US sanctions).
In August, the fiat currency of the country had become so worthless that Maduro took the drastic step of pegging it to the Petro. More recently, the government decreed that passports can only be purchased with the Petro. In this environment, thousands of merchants accept cryptocurrency, and many people are mining from home - electricity in the country is heavily subsidised.
In Chile, cryptocurrency businesses found themselves homeless in April, when all the national banks decided to deny them service. After taking them to the supreme court, one bank relented.
Binance, OKEx' main competitor, recently held a meetup in Córdoba. Not to be outdone, it is currently looking for a place to set up in South America too.
OKCoin International, a Hong Kong-based cryptocurrency/fiat Exchange , is setting up in Argentina. This follows its September expansion to 20 additional states in the US.
"A Region with More Smartphones Than Bank Accounts"
Specifically, in exchange for the Argentine peso, the exchange will be able to offer most major Cryptocurrencies.
The company says: "It’s a genuinely exciting time for Latin American cryptocurrency investors. This is a region with more smartphones than bank accounts, and its population is eyeing crypto tokens with interest."
OKCoin International handled $1.2 million in cryptocurrency trading in the last 24 hours according to coinmarketcap.com. Its crypto-to-crypto entity, OKEx, registered $1.6 billion.
As much as the subsidiary is bigger, however, it is more controversial. In March 2018, a cryptocurrency trader presented fairly convincing evidence that OKEx was fabricating the majority of its trading volumes, an accusation that the exchange denied. In May, the CEO of OKEx resigned without giving a reason.
Don't Cry for Me
When you think of cryptocurrency and South America, Venezuela is most probably the first place that comes to mind. The state's economy has collapsed due to government mismanagement, and President Nicolas Maduro decided to create an oil-backed national cryptocurrency, the Petro, to restore faith (as well as to avoid US sanctions).
In August, the fiat currency of the country had become so worthless that Maduro took the drastic step of pegging it to the Petro. More recently, the government decreed that passports can only be purchased with the Petro. In this environment, thousands of merchants accept cryptocurrency, and many people are mining from home - electricity in the country is heavily subsidised.
In Chile, cryptocurrency businesses found themselves homeless in April, when all the national banks decided to deny them service. After taking them to the supreme court, one bank relented.
Binance, OKEx' main competitor, recently held a meetup in Córdoba. Not to be outdone, it is currently looking for a place to set up in South America too.
Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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