Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»BitGo Adds SK and Hana as Domestic Affiliate Partners
ADOPTION NEWS

BitGo Adds SK and Hana as Domestic Affiliate Partners

By Crypto FlexsSeptember 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BitGo Adds SK and Hana as Domestic Affiliate Partners
Share
Facebook Twitter LinkedIn Pinterest Email
Company • September 2, 2024 11:15 PM EDT

Posted 1 minute earlier ~ in

Global digital asset custody firm BitGo has added South Korean telecommunications giant SK Telecom and the country’s largest financial institution, Hana Financial Group, as major shareholders and strategic partners of the company’s Asia-Pacific subsidiary.

Hana Financial Group has acquired a 25% stake in BitGo Korea, while SKT has acquired a 10% stake, BitGo CEO Mike Belsh said Tuesday at the Korea Blockchain Week 2024 event in Seoul. BitGo Korea is a joint venture with Hana Bank established earlier this year. BitGo first partnered with Hana Bank in September of last year.

The two Korean industry leaders plan to support BitGo Korea in expanding its presence in the domestic market and ultimately establishing a foundation for institutionalization of cryptocurrency in Korea.

While Hana promised to revitalize the domestic cryptocurrency industry by providing a stable cryptocurrency custody service in cooperation with BitGo, SKT said it would provide its know-how in user authentication, security, and identity verification to make BitGo’s services more accessible to customers.

BitGo Korea is currently preparing to be licensed as a virtual asset service provider in Korea. Founded in 2013, BitGo currently holds approximately $70 billion in assets under custody, and added that approximately 20% of Bitcoin traded on-chain is transacted through BitGo infrastructure.

Hana Financial Group was ranked as the third largest financial group in Korea with total assets of approximately KRW 592 trillion (USD 441.4 billion) as of the end of 2023, local media reported on the 28th. Newsis. SK Telecom is the largest telecommunications company in Korea. According to reports It accounts for about 40% of the market.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Ethereum’s Dencun upgrade is live on the Sepolia testnet.

January 31, 2024

The next move for Ethereum price will depend on clearing this critical hurdle

October 4, 2024

The Future of E-Commerce: Why SysCoin is Ready to Rule the Market – The Defi Info

February 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.