Latin America Expansion for OkCoin with New Office in Buenos Aires

Recently , OkCoin has expanded to the United States and now its reported that the company has announced its expansion to Latin America. OkCoin has received the licensed to operate as a fully authorized platform in the region. Once OkCoin got the license to operate , they in a press release said that it will establish a new platform for the Latin American market that will allow users to trade cryptocurrencies with local fiat currencies.

The office will be opened in Buenos Aires and other Latin American currencies will also be supported over time. To get started, users in Argentina can deposit their local currency (Argentine Peso) to the new platform. The deposited money can be traded later for any of the cryptocurrencies available on the platform.

Mr. Tim Byun, the CEO of OkCoin USA, said that “OkCoin is very excited to bring our safe, secure and licensed trading platform to consumers in Argentina. We are committed in opening up new markets for digital currency throughout the world. We are trying to bring institutional and retail traders, an array of trusted options so that the investors can buy and sell in confidence. This is just the beginning of our Latin American expansion as we are aiming to grow throughout the region.”

OkCoin was founded in 2013 and supports USD to crypto conversion from anywhere in the world. It was the largest cryptocurrency exchange operating company there before China’s ban which implemented earlier this year. But after the ban, OkCoin decided to increase focus on other market’s and started expansion to other countries. Now, they have footprints in South Korea, United States and now in Latin American region. Notably, other exchanges are also on an expansion spree nowadays. Most recently, Binance was heard expanding in Uganda and Liechtenstein while Huobi announced its foray into Russia.

Now, it would be interesting to see OkCoin’s approach towards expanding itself in other countries/ region.