Press Releases

Press Releases

OKEx hosts events in Lagos, Cape Town, Accra, Nairobi and Osogbo amid major push into Africa

Cape Town — SEPTEMBER 25, 2019 — OKEx, the world’s largest spot and futures digital asset exchange, today announced its entry into the African market to provide professional, secure, and convenient digital asset trading to cryptocurrency users and newcomers. OKEx is dedicated to providing resources that will facilitate blockchain adoption in emerging markets, including those in Africa. Company leaders are hosting a series of meetups this month in African cities, including Lagos, Cape Town, and Accra, with upcoming events in Nairobi, Kenya and Osogbo, Nigeria. 

In recent years, unstable political environments and the depreciation of fiat currencies in Africa have prompted citizens to move their assets to crypto or alternative investment opportunities. South Africa, for example, has the fifth highest cryptocurrency adoption rate in the world. Yet despite widespread interest in cryptocurrencies, many people have encountered challenges in safely and securely buying, trading, and managing their digital assets. Research shows that many people give up on cryptocurrencies because they are too impractical, and that 19 percent of people who use cryptocurrencies have been hacked on an exchange. 

“Cryptocurrency exchanges have a responsibility to their customers to provide a safe, secure, and user-friendly experience,” said Andy Cheung, OKEx’s Head of Operations, who grew up in South Africa. “Our goal at OKEx is to usher in a new era of cryptocurrency adoption in Africa, and we’ll do this by providing a level of approachability and professionalism that thus far has not been delivered in this ecosystem.”

Along with Andy Cheung, OKEx recently brought on blockchain solutions architect and fintech business developer Khaya Maloney to oversee this new market. OKEx’s next meetups in Africa will be held on September 21 in Nairobi, Kenya and September 28 in Osogbo, Nigeria. For more information, please click here

ABOUT OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, and derivatives trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

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