Countries around the world are finding ways to open their economies to cryptocurrency, and Argentina is one of the latest on the list. In a new launch from OKCoin, locals will now have access to fiat-crypto trading services in the country. OKCoin is already widely popular for establishing the biggest cryptocurrency exchange in the world – OKEx. The launch was confirmed in a tweet by OKCoin on November 15th.

The tweet said, “We are expanding to Latin America! Traders can now deposit or withdraw the Argentine peso (ARS) in exchange for cryptocurrencies including #Bitcoin, #BitcoinCash, #Ethereum, #EthereumClassic, #Litecoin, #Ripple, #Cardano, #Stellar, #Zcash, #0x, and more.”

Expanding on this decision, the company also created a blog post on Medium about the changes, which was linked in the tweet.

In the Medium post, OKCoin starts off with explaining their dedication to offering their services globally, calling their entry into Argentina a “landmark achievement.” The post goes on to say,

“This means our platform can now offer both Spot and Margin trading between the Argentine peso and several major cryptocurrencies. Up until now, investors have had very few options for converting pesos into digital assets. As one of the world’s first and largest exchanges, OKCoin enables traders to exchange fiat currency for cryptocurrencies on a secure platform that complies with local and international regulations.”

The services begin today, allowing users to make a deposit with the local Argentinian peso (ARS). From there, they can exchange the fiat currency for any of the cryptocurrencies they offer. Argentina will be in good company soon, considering that OKCoin wants to bring these types of services through the rest of Latin America “in the coming months.” Right now, even though there are many consumers that have access to a smartphone, the value of the peso is becoming weaker and weaker. With the crypto market growing rapidly in the area, this is the perfect time to have access to a local exchange.

Speaking on this addition to their platform, CEO Tim Byun said,

“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to extend our safe, secure and licensed trading platform to consumers in Argentina. 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, so they can buy and sell with confidence.”

The launch of the platform in Argentina seems perfectly timed with their sponsorship of C20, a Spanish-language crypto conference Buenos Aires. The conference is going on from November 16th to 17th, and OKCoin will be featured at Booth #17 to answer questions and even offer a demonstration of their platform. Two of their representatives, Pablo Magro and Jhanny Rumpf, will be speaking at panels in the afternoon on November 17th.

This year has brought in many welcoming moves for cryptocurrency in the country. In May, Bitcoin was approved for use in cross-border transactions by Banco Masventas. The following month, local enthusiasts created the “Bitcoin-wagon” campaign, bringing awareness of cryptocurrency and its benefits to rural areas that have a high percentage of unbanked individuals and families.

We are expanding to Latin America! Traders can now deposit or withdraw the Argentine peso (ARS) in exchange for cryptocurrencies including #Bitcoin, #BitcoinCash, #Ethereum, #EthereumClassic, #Litecoin, #Ripple, #Cardano, #Stellar, #Zcash, #0x, and more.https://t.co/XxC9ds2SsJ

— OKCoin (@OKCoin) November 15, 2018

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