OKX has entered the Argentine market, and in South Korea, the exchange is facing an investigation
OKX is expanding in Latin America and is now opening access to operations on its platform for residents of Argentina. However, in another part of the planet, the site may face a full-fledged investigation for promoting an investment program without registration.
According to the press release, in addition to providing crypto exchange and crypto wallet services, Argentine users will also be able to use peer-to-peer trading on the OKX P2P platform. For convenience, the platform has implemented special support in Spanish.
A selection of popular local payment alternatives will also appear on the Argentine P2P platform.
It will be possible to manage decentralized finance (DeFi) through the wallet. In addition, the exchange's clients will have the opportunity to trade non-interchangeable tokens (NFT) and use decentralized applications (dApps).
Meanwhile, according to South Korean media, OKX may face investigation after promoting the Jumpstart program to local investors. The site did not have any registration for this.
The initiator of the investigation is the Digital Asset Exchange Alliance (DAXA), a working group consisting of the five largest crypto exchanges in South Korea. It was created after the collapse of Terra to protect the local cryptocurrency ecosystem. DAXA members — Upbit, Bithumb, Korbit, Coinone and Gopax — account for more than 99% of the country's cryptocurrency trading volume.
