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Crypto.com prepares for regulatory approval to enter Korean market


Crypto.com, the Singapore-based cryptocurrency exchange, is set to launch an exchange app in Korea in the first half of this year, according to Eric Anziani, the company’s president and COO. Building on over two years of groundwork in  Korea and operating in 90 countries with over 80 million users globally, Crypto.com is finalising regulatory approvals to offer its services. The launch utilises the infrastructure of the Seoul-based OK-Bit, acquired in August 2022, aiming to become the first foreign exchange to trade Korean won into virtual assets. The app will offer more than 150 token projects with a user-friendly interface, prioritising safety and access to unique global projects. Despite competitive local transaction fees, Crypto.com plans to differentiate with safety, convenience, and access to new products.

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