Crypto.com has announced the forthcoming launch of its mobile application, designed specifically for the South Korean market, setting a new precedent as the inaugural global cryptocurrency exchange to establish its presence in South Korea. This application, slated for release on April 29, promises a seamless mobile interface for trading various digital assets.

Eric Anziani, President and COO of Crypto.com, unveiled the application at a news conference in Seoul's financial hub, Yeouido, emphasizing its role in offering South Korean users a safe and efficient platform for engaging with digital currencies and non-fungible tokens. The move underlines the exchange's commitment to providing access to global cryptocurrency markets under regulated conditions.

Anziani further underscored South Korea's advanced technological landscape and cultural influence as key factors in Crypto.com's strategic decision to launch in the nation. He hinted at future collaborations aimed at supporting South Korean creators and artists.

Patrick Yoon, Crypto.com's General Manager in South Korea, elaborated on the two-and-a-half-year effort to customize the exchange's offerings to align with South Korean users' preferences. He explained the acquisition of OKBit, a local exchange with a virtual asset service provider (VASP) license, in 2022, as a strategic move to comply with South Korean regulatory standards.

Yoon also disclosed plans for expanding into South Korean won-based trading, pending the stabilization of their coin trading services. He highlighted ongoing discussions with local banks to establish real-name account partnerships, a regulatory requirement for cryptocurrency exchanges in South Korea.

Crypto.com, established in 2016, serves over 80 million users globally and operates from 14 international locations. The exchange's expansion into South Korea will bolster its presence in the Asian market and enhance its reputation as a leading cryptocurrency platform.