Coinspeaker
Crypto.com to Launch Retail Trading in South Korea Amid OK-BIT’s Shutdown

Crypto.com, the global digital asset exchange, make­s a strategic move into South Korea’s thriving marke­t. The company’s announcement on April 2nd, 2024, reveals plans to launch their retail trading service­s on April 29th, effectively re­placing the offerings previously provide­d by the acquired local exchange­ OK-BIT. 

“We are incredibly excited to be launching the Crypto.com App for retail users in South Korea – a market of tremendous importance to the growth of our business, and one in which consumers are very interested in crypto,” said Eric Anziani, President and Chief Operating Officer of Crypto.com, highlighting the country’s active crypto community.

Crypto.com also obtained regulatory approval and essential registrations under the Electronic Financial Transaction Act and as a Virtual Asset Service Provider (VASP) in August 2022. The company is committed to operating within the legal framework and adhering to e...