I'm thrilled to see the overwhelming optimism Brazilians have towards crypto's potential to transform finance and other industries. Our recent OKX Brazil Survey found that 91% of surveyed crypto users believe crypto can revolutionize these sectors.
It's clear that crypto is gaining strong momentum. However, for wider adoption, the survey shows trust and transparency remain pivotal. Over 90% of Brazilian crypto users say clarity around security safeguards can increase their confidence to invest. I understand these concerns. Crypto is still maturing and users deserve full transparency.
That's why we proudly publish our Proof-of-Reserves every month. We also utilize industry-leading security practices to keep users' funds safe. Providing this reassurance helps more Brazilians discover the greater financial freedom crypto offers over traditional banking - which 85% agreed with.
As adoption grows, we remain committed to building trust and working closely with cryptoeconomy associations like ABcripto to advance adoption in Brazil to tackle policy issues and promote best practices. We aim to unlock crypto's immense potential in Brazil so opportunities stretch far beyond finance into exciting areas like NFTs, GameFi, the metaverse and more.
It's an incredibly promising time, and I can't wait to see what the future holds as we accelerate towards mainstream adoption!
Guilherme Sacamone
OKX Brazil General Manager
This blog is provided for informational purposes only. It represents the view of the author and not the view of OKX. It does not constitute and shall not be considered to be (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell digital assets; or (iii) financial, accounting, legal or tax advice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless. Historical returns are not indicative of future returns. OKX is not responsible for any potential losses. Certain products may be limited or not offered in some markets including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France (and its territories), and Singapore. For more details, please refer to the OKX Terms of Use and Risk & Compliance Disclosure. © 2024 OKX. All rights reserved.
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