OKEx Partners With Settle Network to Offer Fiat to Crypto Conversions

OKEx, one of the world’s top cryptocurrency “spot and derivatives” exchanges, has partnered with Settle Network, a platform that offers fiat to crypto conversions, according to a press release.

Thanks to Settle’s Latamex offering, users can now purchase Bitcoin and Ethereum with the Argentine peso, the Brazilian real, and the Mexican peso via a bank transfer, the release notes.

Speaking on the matter is Jay Hao, the CEO of OKEx, who had said:

“One of the important goals of OKEx is to enable everyone to enjoy intermediary-free financial services by promoting the blockchain-driven economy. For that, it’s essential to lower the threshold for the exchange between cryptocurrencies and fiat currencies in order to cover users in more countries and regions. The cooperation with Settle Network is of strategic significance to OKEx. Latin American users can now purchase BTC and ETH with multiple local currencies in a compliant way through bank transfers. In the future, OKEx will continue to expand the coverage of fiat currencies to allow more users to purchase cryptocurrencies more conveniently.”

The release notes that Settle is the largest digital assets settlement network in Latin America, with a focus on exchange and cross-border payments. Now, the platform’s offerings will be expound upon thanks to the partnership with OKEx.