Crypto.com announced that it will enter the Korean market starting April 29, 2024. We will offer retail users a selection of cryptocurrencies, giving them the ability to trade tokens after registering on the platform. Crypto.com has expressed its commitment to providing security and privacy across the board, two aspects that have helped it gain over 80 million customers worldwide.
With Crypto.com University, over 150 cryptocurrencies are available on the platform along with educational resources. The latter includes more specifically educational and resource materials. The NFT sector is also scheduled to debut in Korea. However, this will bring leading NFT projects to the scene and make them available through Crypto.com NFT. The platform is backed by security features and licenses to instill confidence in the minds of users.
OK-BIT will cease operations from that day. Crypto.com has taken the necessary steps by providing a 30-day notice to users of the acquired platforms and informing them of the transition.
Eric Anziani, COO and President of Crypto.com, said the company is excited to launch the app in Korea, adding that the market has tremendous potential for business growth. Eric emphasized that Korean authorities are thoughtful about the development of this sector and will continue to work together to help it grow.
Patrick Yun, Crypto.com’s general manager, said it had spent a significant amount of money. We invest resources and time in customizing our services and products for the Korean market. It’s likely to signal that the product on the field will be a better fit for customers in that region. Patrick acknowledged that users in the region have demonstrated high levels of engagement with the industry and are increasingly eager to engage with more Web3 products and services.
Going forward, Crypto.com said it will interact with regulators and authorities to ensure the platform complies with local regulations and laws while maintaining high standards of ethics and risk management.
Entering Korea has set a new milestone. Crypto.com Exchange After securing EFTA and VASP registration in August 2022. We have previously signed several MoUs with LINE Xenesis, ACT Games, Altava Group, etc.
Interested users can get started with Crypto.com and enjoy one more benefit, including one-stop shopping, low fees, and easy conversion. Platform products users can look forward to include Crypto.com App, Crypto.com NFT, Crypto.com Metal Visa Card, Crypto.com Pay, and Crypto.com Crypto Earn. Actual availability may vary depending on platform launch.