Crypto.com, renowned for its commitment to regulatory compliance and security, announces the launch of the Crypto.com App in South Korea. This initiative aims to provide South Korean retail users with access to a comprehensive range of crypto services, leveraging Crypto.com’s industry-leading expertise.
Access to Comprehensive Crypto Services
With the Crypto.com App, South Korean retail customers gain access to a diverse array of crypto services. From trading over 150 cryptocurrencies with best-in-class security features to accessing exclusive NFT projects via Crypto.com NFT, users can expect a seamless and rewarding experience. Additionally, educational resources provided by Crypto.com University and industry-leading user benefits further enhance the platform’s appeal to South Korean users.
Statement from Crypto.com Leadership
Eric Anziani, President and Chief Operating Officer of Crypto.com, expresses enthusiasm for the launch, highlighting South Korea’s significance in the company’s growth trajectory. He emphasizes the collaborative efforts with South Korean regulators to ensure responsible industry growth.
Compliance and Regulatory Considerations
As part of its commitment to regulatory compliance, Crypto.com has provided a 30-day notice to users of its OK-BIT platform, ceasing services upon the Crypto.com App’s launch. The company remains dedicated to consulting with South Korean regulatory authorities to uphold the highest standards of ethics and risk management.
Insights from Crypto.com South Korea
Patrick Yoon, General Manager of Crypto.com South Korea, underscores the market demand for comprehensive and regulated crypto services in South Korea. He emphasizes the company’s tailored approach to meet the needs of South Korean crypto enthusiasts, positioning Crypto.com as a pioneering force in the region.
Milestones and Future Endeavors
The launch of the Crypto.com App marks another significant milestone in the company’s journey in South Korea. Building on previous achievements such as securing Electronic Financial Transaction Act (EFTA) and Virtual Asset Service Provider (VASP) registrations, Crypto.com continues to forge strategic partnerships to drive crypto adoption in the region.
Founded in 2016, Crypto.com boasts a global customer base exceeding 80 million, with a steadfast commitment to regulatory compliance and security. As a leader in the crypto industry, Crypto.com aims to accelerate cryptocurrency adoption through continuous innovation and user-focused initiatives.
