Crypto.com, a leading cryptocurrency exchange platform, is set to launch its app in South Korea on April 29. This move comes after obtaining regulatory approvals, allowing retail customers in the country to trade over 150 cryptocurrencies and explore exclusive non-fungible token (NFT) projects.
With the launch of the app, retail users will be able to set up trading accounts and utilize the platform’s advanced features and licensing. In addition to trading, users will have access to educational resources from Crypto.com University, as well as a range of benefits and rewards.
Eric Anziani, President and Chief Operating Officer of Crypto.com, expressed excitement about entering the South Korean market. He highlighted the importance of collaboration with regulators in the country to ensure responsible growth in the industry. Crypto.com has committed to working closely with South Korean regulators to adhere to local legal standards and uphold principles of ethics and risk management.
The upcoming launch of the app marks a significant milestone in Crypto.com’s journey in South Korea. The company has already achieved Electronic Financial Transaction Act and Virtual Asset Service Provider registrations in August 2022. Additionally, Crypto.com has established partnerships with companies in finance, gaming, and communication sectors in South Korea through Memorandums of Understanding.
Patrick Yoon, General Manager of Crypto.com South Korea, emphasized the company’s commitment to meeting the needs of South Korean crypto enthusiasts. He mentioned that the market is eager for more comprehensive and regulated Web3 products and services. Yoon expressed honor in being the first and largest global cryptocurrency exchange to launch in South Korea, showcasing Crypto.com’s dedication to the region.
The launch of Crypto.com’s app in South Korea marks a significant step in the company’s global expansion strategy. Through collaboration with regulators and tailored offerings for the local market, Crypto.com aims to provide a seamless and secure trading experience for users in South Korea. Stay tuned for more updates on this exciting development in the world of cryptocurrency.