Singapore-based cryptocurrency exchange Crypto.com has acquired two local startups operating in South Korea, obtaining two licenses in South Korea.
Crypto.com, 8 August In a statement on its official website on South Korea to enter the market payment and crypto services operating on bought two local startups announced.
According to the announcement, Crypto.com, a payment services provider PnLink Co. Ltd.and cryptocurrency exchange OK-BITby purchasing both electronic financial transactions as well as exchange obtained their licenses.
Crypto.com co-founder and CEO Kris MarszalekSouth Korea’s crypto assets intense interest Therefore, in order to continue its activities in the market, working with regulators about their determination stated.
Crypto.com South Korea General Manager Patrick Yoon in their statement:
We believe our services will not only help develop crypto trading in South Korea, but also help develop and strengthen our Web3 ecosystem.
used the phrases.
With this move of Crypto.com Singapore, Dubai, Italy, Greece and Cyprus with a volume of 1.8 trillion dollars south koreai also licensed added it to the countries in which it operates.
Before too Binance and bitpanda to the regulations of large crypto money companies, countries such as adapt quickly be able to fulfill the requirements of the relevant countries in order to become local initiatives known to have bought it.