Crypto.com, one of the most renowned cryptocurrency exchanges in the world, with over 11 million active users, has announced its expansion into South Korea, a thriving and strategic market for the crypto sector
Crypto.com, we all know it for the countless advertisements, but also for its services such as the Visa Debit Card with cashback and some perks based on the level, the crypto Earn, the Defi Wallet and some level partnerships such as Paris Saint Germain .
The actual entry of the platform will take place on April 29, 2024, thanks to obtaining the "Visual Asset Service Provider" (VASP) license from the Korean Financial Services Commission (FSC).
South Korea is a country that is decidedly at the forefront in the adoption of cryptocurrencies, with a penetration rate of 40% among the adult population, the highest figure in the world (in the USA it is around 8%).
The expansion therefore into such a receptive territory as Korea translates into a big step forward for the growth of the platform but also of the entire sector, which is continuously expanding and accelerating towards mass adoption.
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