In a strategic move to expand its global presence, Crypto.com has announced the launch of its app in South Korea on April 29. This launch comes after receiving regulatory approvals, allowing retail customers in South Korea to access a wide range of features on the platform.
With the debut of the app in South Korea, retail users will have the opportunity to trade over 150 cryptocurrencies securely and reliably. Additionally, users will be able to explore exclusive non-fungible token (NFT) projects, adding a unique dimension to their trading experience on Crypto.com’s platform.
Beyond trading capabilities, the platform offers retail users educational resources through Crypto.com University. This feature aims to empower users with knowledge about cryptocurrencies and blockchain technology, enhancing their overall trading experience. Furthermore, users can also access a suite of benefits and rewards, adding value to their participation on the platform.
Crypto.com President and Chief Operating Officer Eric Anziani expressed excitement about launching the app in South Korea, emphasizing the market’s importance to the company’s growth. He highlighted the collaborative effort with South Korean regulators to ensure compliance with local legal standards and ethical practices. The company’s commitment to responsible growth and risk management reflects a proactive approach to operating in the South Korean market.
Crypto.com’s entry into the South Korean market builds on its prior achievements, including obtaining Electronic Financial Transaction Act and Virtual Asset Service Provider registrations in 2022. The company has also established partnerships with key players in the finance, gaming, and communication sectors in South Korea, further solidifying its presence in the market. These partnerships underscore Crypto.com’s commitment to delivering comprehensive and regulated Web3 products and services tailored to the South Korean audience.
Crypto.com’s launch of its app in South Korea represents a significant milestone in the company’s global expansion strategy. By offering a diverse range of cryptocurrencies, NFT projects, educational resources, and rewards, the platform aims to cater to the needs of retail users in South Korea. Through collaboration with regulators and strategic partnerships, Crypto.com is poised to play a leading role in shaping the future of the cryptocurrency market in South Korea.
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