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Shaping Brazil's crypto future: OKX's vision of trust and safety

Published on Nov 27, 2023
Updated on Apr 25, 2024

Bom dia, Brasil!

As the General Manager of OKX in Brazil, I'm thrilled to share an exciting development that marks a new era in our crypto journey. Today, we officially launch OKX's Crypto Exchange and Web3 Wallet in Brazil, a milestone that's not just about expanding our services, but deeply rooted in our commitment to transparency and security in the crypto space.

Our recent study, surveying both crypto and non-crypto users in Brazil, revealed a significant insight: 92% of respondents emphasized the need for clear and transparent information about the security of their assets. Additionally, 86% agreed that Proof of Reserves (PoR) can positively contribute to the legitimacy and maturity of the cryptocurrency market.In response, we are proud to lead the industry with our monthly on-chain Proof-of-Reserves reports, verified via zk-STARKs cryptography.

Our latest report shows we hold 12.5 billion USD in primary assets. This means our users' assets are backed 103%. This initiative not only demonstrates our commitment to transparency but also provides our users with the assurance they need to trust our platform.

Another cornerstone of our launch in Brazil is the OKX Wallet. This state-of-the-art Web3 wallet offers a user-friendly, secure self-custody portal, allowing users to manage DeFi products, trade NFTs, and more. It's the first wallet to feature both Multi-Party Computation (MPC) technology and Account Abstraction (AA) features, catering to both technical and less technical users. We believe in the importance of self-custody and have tailored our wallet to ensure ease of use without compromising on security.

As Brazil stands as the largest cryptocurrency market in Latin America, our mission is to cater to the fast-paced, security-conscious needs of Brazilian traders. We combine global crypto excellence with a user experience specifically tailored to the Brazilian market. Our platform not only offers a trusted, secure gateway to decentralized finance (DeFi) and crypto trading but also represents our dedication to leading with transparency and robust security features.

In conclusion, the launch of OKX in Brazil is more than just a new chapter in our global expansion. It's a commitment to the Brazilian community, ensuring they have access to a crypto trading platform that values security, transparency, and user empowerment. We're excited to be part of Brazil's vibrant crypto ecosystem and look forward to driving innovation and growth in the Web3 and crypto economy together.

Thank you for joining us on this journey. Let's embrace the future of crypto with confidence and clarity.

Warm regards,

Guilherme Sacamone

General Manager, OKX Brazil

Disclaimer
This article may cover content on products that are not available in your region. It is provided for general informational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed herein. It represents the personal views of the author(s) and it does not represent the views of OKX. It is not intended to provide advice of any kind, including but not limited to: (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
© 2023 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state:"This article is © 2023 OKX and is used with permission." Permitted excerpts must cite to the name of the article and include attribution, for example "Article Name, [author name if applicable], © 2023 OKX." No derivative works or other uses of this article are permitted.
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