Leading cryptocurrency exchange OKCoin is launching its first platform in Latin America.
In a news release Thursday, OKCoin said the platform will offer fiat-to-crypto trading between the Argentine peso and “several major cryptocurrencies,” including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and ripple (XRP).
The Beijing-based company is the world’s largest crypto exchange by adjusted volume, according to CoinMarketCap.
OKCoin said it would add other cryptocurrencies and Latin American fiat currencies in the coming months. It will open a Buenos Aires office and assemble a team to expand the Latin American business.
Argentina has been among the most receptive countries to cryptocurrency. In May, Banco Masventas, one of the country’s largest banks, started enabling international payments using bitcoin. Two months ago, the U.S. company Athena Bitcoin installed the first bitcoin ATM. A Reuters article said the number of ATMs in the country could soar to 30 by the end of 2018.
“This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options,” said Tim Byun, CEO of OKCoin USA.
Thursday’s announcement comes on the eve of the C20 Conference, a major Spanish-language crypto conference, which starts Friday in Buenos Aires.