OKX has officially launched its crypto exchange and Web3 wallet in Brazil, introducing Brazilian Real (BRL) fiat-on ramps for seamless crypto trading and decentralized finance (DeFi) access. Brazilian users can now tap into a secure platform offering hundreds of cryptocurrencies, staking options, and deep DeFi integrations.
The newly launched OKX Wallet provides self-custody features, enabling users to manage DeFi products, trade NFTs, and interact with decentralized applications (dApps). With cutting-edge Multi-Party Computation (MPC) and Account Abstraction (AA) technology, the wallet simplifies onboarding, especially for users new to crypto.
Commenting on the launch, OKX President Hong Fang expressed enthusiasm about entering Brazil, Latin America’s largest cryptocurrency market. “Our exchange now provides BRL rails, deep liquidity, and robust security, all in response to what Brazilian traders demand. With the OKX Wallet, users can easily access DeFi, NFTs, and dApps, offering a complete crypto experience.”
The demand for secure, non-custodial wallets has surged in the crypto and Web3 communities, especially as concerns about security rise. According to a study conducted by OKX Brazil, 92% of respondents emphasized the need for transparent information about investment security, and 86% believe that Proof-of-Reserves (PoR) would enhance market legitimacy and maturity.
Guilherme Sacamone, General Manager of OKX Brazil, highlighted the company’s commitment to supporting the country’s potential as a leader in cryptocurrency and DeFi adoption. “We’ve created a comprehensive platform that combines global excellence with a user experience tailored to the needs of Brazilian traders,” Sacamone added.
The OKX Wallet addresses the expectations of Brazilian users, delivering fast and liquid trading alongside a secure self-custody solution, all within a single app.
