Home Technology Crypto.com Responds to Strong User Interest and Adoption in South Korea with Two Acquisitions

Crypto.com Responds to Strong User Interest and Adoption in South Korea with Two Acquisitions

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Crypto.com Responds to Strong User Interest and Adoption in South Korea with Two Acquisitions

Crypto.coma global cryptocurrency platform, achieved Electronic Financial Transaction Act registration and virtual asset service provider by acquiring payment service provider ‘LinkPn Co., Ltd.‘ and virtual asset service provider ‘OK-BIT Co., Ltd.‘.

“This is an exciting next step for Crypto.com in an important market,” said Chris Marszalek, co-founder and CEO of Crypto.com. “We are committed to working with regulators to continue to market our products and services, especially in countries like South Korea where consumers have shown strong interest and embraced digital currencies. »

“We believe that our services can not only help scale and strengthen commerce in Korea, but also support the creation and development of our Web3 ecosystem,” said patrick Yoon, Managing Director, South Korea of ​​Crypto.com. “Korea is an extremely important market for Crypto.com in advancing blockchain technology.”

By reaching this milestone, Crypto.com remains committed to its mission to ensure regulatory compliance, safety, awareness and consumer protection. Crypto.com looks forward to continuing to build a direct relationship with Korean users as a secure and regulated platform.

Crypto.com continues to actively grow and expand its ecosystem, with over 50 million users worldwide. The announcement follows Crypto.com having already received approval in principle for a major payment institution license from the Monetary Authority of Singaporeprovisional approval of its virtual asset license by the Dubai Virtual Assets Regulatory Authorityregistration in Italy since Organismo Agenti e Mediatori (OAM), registered in Greece since Hellenic Capital Market Commissionand registration in Cyprus from Security and Exchange Commission.

  • Francis is a journalist with a bachelor’s degree in classical civilization, he is particularly interested in North and South America.

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