RACA Futures Now in Latin America’s Largest Crypto Market as OKX Expands
RACA is pleased to announce that RACA futures trading, offered by OKX, is coming to the largest cryptocurrency market in Latin America, Brazil. This expansion of the exchange into the Brazilian market has made it possible.
Since October 24th, USDT-margined perpetual swaps for RACA have been available, creating an incredible new opportunity for the entire RACA and cryptocurrency ecosystem.
OKX, a leading crypto exchange and Web3 technology provider, officially launched its cryptocurrency exchange and Web3 wallet in Brazil on Monday (27th), offering users in the country reliable and secure access to decentralized finance (DeFi) and cryptocurrency trading. With the platform launch, capabilities for fiat-to-Brazilian Real conversion are also now available.
OKX Exchange offers Brazilian users a powerful platform to trade various major cryptocurrencies, providing advanced crypto features like staking rewards and integrations with decentralized finance (DeFi).
Within the USM ecosystem, we celebrate together with our partner on this crypto journey, OKX’s expansion into Brazil, which brings not just the exchange but also the OKX Wallet. This is a non-custodial Web3 wallet providing access to a secure and user-friendly self-custody portal to manage decentralized finance (DeFi), trade NFTs, use dApps, and much more.
It’s the first wallet to feature both Multi-Party Computation (MPC) technology and Account Abstraction (AA) features, paving the way for broader adoption among less technical users.
OKX President Hong Fang stated, “We are excited to officially launch our platform and localized services in Brazil, representing the largest cryptocurrency market in Latin America. Our exchange now supports the Brazilian Real, offering local traders the deep liquidity, tools, security, and transparency they desire. Our OKX Wallet provides simplified access to DeFi, NFTs, dApps, and more. We look forward to driving innovation and growth in the Web3 and crypto economy with millions of users as the market matures in Brazil.”
A recent study commissioned by OKX Brazil, involving both cryptocurrency users and non-adopters, found that security is currently one of the major concerns for cryptocurrency users in Brazil.
A vast majority, precisely 92% of respondents, expressed the need for clear and transparent information regarding the security of their investments, and 86% agreed that Proof of Reserve (PoR) can positively contribute to the legitimacy and maturity of the cryptocurrency market.
OKX leads the industry in security with monthly PoR reports on the blockchain, verified through zk-STARKs cryptography. The latest report shows 12.5 billion in primary assets backing users’ assets in 103%.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
