OKX, the leading global Web3 technology company and cryptocurrency exchange, announced this week its most recent global expansion with the official launch of its Argentine subsidiary, which will have its brand new tool: the Web3 wallet. A product that promises to revolutionize the experience of Argentine crypto users.
Ambit exclusively interviewed Jason LauCIO of OKX already Alejandro EstrinCountry Manager for Argentina of the company, who did not hide their plans for the local crypto market and gave an optimistic view for the market in general.
In Lau’s words, the timing is perfect, so the crypto rally: “It was what we prepared for all these years,” he says in the context of this interview in which he gave details of the company’s arrival in the country.
Journalist: Why land in Argentina?
Alejandro Estrin: Latin America alone is the most important region in the world for crypto. It is the region with the highest adoption of cryptocurrencies in the world and Argentina is the 15th country in crypto adoption in the world, but we’re not even halfway there. We estimate the number of cryptocurrency users to be around 3.7 million, give or take, and we expect a full-sized market of around 8 million people. So, we are really big, but we estimate many more.
Jason Lau: In Argentina, people understand cryptocurrencies. Here they are not afraid of these assets, nor of new technologies. This country is like that in all aspects. So we expect something really good with this release.
Q:How would you define the Argentine crypto user?
AE: The cryptocurrency user in Argentina is highly educated. He has a high level of knowledge when it comes to the crypto ecosystem and has learned from the mistakes made by other cryptocurrency houses in the past.
JL: The average user is highly skilled, understands the technology and understands the market. So they are pretty smart to know where to invest.
Q: Recently, you also landed in Turkey. Is there any connection with the fact that that country and Argentina have one of the highest inflation rates in the world?
JL: When OKX builds products, it seeks to be as close to the user as possible, and so when we expand to a country, the goal is to understand and get as much feedback as possible from that local user. Thus, certainly, Argentina, has really high crypto education levels and very strong crypto awareness. Now, this is also very similar in Türkiye. We see very similar features, I don’t know if it’s related specifically to inflation rates, but it could be, or to economic performance, so yes, it could be.
AE: The Turkish user He is also highly educated.. It exemplifies that Turkey is number one in copy trading, a tool offered by the exchange. There are incredible traders, they are almost the most professional in the world. However, some countries have very solid economies and also have high crypto adoption, each nation has its ups and downs and users have their own motivations, so It is not just to avoid inflation to invest in cryptos. I mean it’s a good reason for certain products and certain users, but it’s not the only reason.
Q: Do you anticipate any obstacles with local regulation?
AE: We are here to help regulations in any way we can.
JL: We work on regulations around the world. For example, in Japan, we are licensed there, in the United States, where we are also licensed. Each country is at different stages and we are here to collaborate, to work with them, if they have questions and want to talk to us about crypto, We will be happy, because we can work collectively to build a sustainable and healthy crypto ecosystem.
About OKX in the words of its representatives
Lau highlights that the approach of OKX is in the user. “We want to offer the best products for users, collaborate on regulations and stakeholders around the world to do this: providing a good education and providing security, that is our focus”.
Q: And how does that translate in terms of volume?
AE: That’s not necessarily our main concern, we believe that a healthy crypto ecosystem involves many actors, and we want to be one of the strongest there. That’s the truth.
JL: Today, with the markets recovering from a 2022 to be forgotten with Bitcoin ETFs, the BTC ecosystem is at all-time highs, and we’re so excited, because we’ve been working so hard over the last two years to make sure we’re ready for this moment. Thus, in this way and at the best moment of the crypto ecosystem in the last two years, OKX deploys its arsenal in Argentina.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
