The cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. 

On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian Real fiat-on ramp capabilities.

Guilherme Sacamone, the general manager of OKX Brazil, commented that the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi.

“We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app.”

OKX reports from a recent survey that found that 92% of Brazilian…

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