Despite tightening regulatory measures, the exchange has been growing its South Korean presence for years.
Centralized cryptocurrency exchange Crypto.com will launch its cryptocurrency trading app to South Korean retail investors on April 29.
The platform will initially offer access to over 150 cryptocurrencies and non-fungible tokens (NFTs) on the Crypto.com app for South Korean users, which is a significant market segment for the company’s growth, wrote Eric Anziani, the president and CEO of Crypto.com, in an April 2 announcement:
The new platform will take over from crypto exchange OK-BIT, which was acquired by Crypto.com in 2022. OK-BIT will cease services on April 29, the day of the app’s launch.
