Crypto exchange OKX launched a stand-alone app on Tuesday that lets users convert more than 50 local currencies into U.S. dollar-backed stablecoins, as the company tries to expand its offerings beyond just being an exchange.
OKX Money, which went live at the company’s OKX Now product event in Singapore, is aimed at emerging markets in Latin America, Africa, South Asia, and the Middle East. OKX argues that currency swings, limited banking access, and foreign-exchange fees in those regions make it difficult to “protect savings and spend globally.”
