Crypto.com App Set for Launch in South Korea

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South Korean retail users are on the verge of gaining access to one of the world’s most trusted and comprehensive cryptocurrency platforms. The Crypto.com App is officially launching in South Korea, marking a major milestone in the company’s global expansion and the country’s growing embrace of regulated digital asset services.

This launch enables Korean consumers to trade a wide range of cryptocurrencies through a secure, compliant, and user-friendly mobile application. With over 80 million customers worldwide, Crypto.com has built its reputation on regulatory compliance, advanced security protocols, and user-centric innovation—all of which will now be available to retail investors in one of Asia’s most active crypto markets.

Comprehensive Crypto Services Now Accessible

Starting April 29, 2024, South Korean users can open accounts directly through the Crypto.com App and begin trading more than 150 cryptocurrencies. The platform offers more than just trading: it delivers an end-to-end Web3 experience that includes:

The move underscores Crypto.com’s commitment to providing regulated, transparent, and secure financial services tailored to local market needs while maintaining global standards.

👉 Discover how easy it is to start your crypto journey today.

A Strategic Milestone in Regulatory Compliance

Crypto.com’s entry into South Korea is not just a product launch—it's a testament to the company’s long-term strategy of aligning with strict regulatory frameworks. In August 2022, Crypto.com secured both Electronic Financial Transaction Act (EFTA) and Virtual Asset Service Provider (VASP) registrations, making it one of the first global exchanges to achieve full compliance under South Korea’s stringent digital asset regulations.

These licenses allow the company to legally operate cryptocurrency trading and financial services within the country, reinforcing trust among users and regulators alike.

“South Korean regulators are thoughtfully advancing the sector, and we look forward to continuing to collaborate with them to help grow the industry responsibly,” said Eric Anziani, President and Chief Operating Officer at Crypto.com.

This proactive engagement with regulators positions Crypto.com as a leader in responsible innovation, ensuring that user protection, anti-money laundering (AML) measures, and data privacy remain top priorities.

Phasing Out OK-BIT: A Seamless Transition

As part of the official rollout, Crypto.com has notified users of its previously acquired platform, OK-BIT, that services will cease on April 29—the same day the Crypto.com App goes live. Customers were given a full 30-day notice to withdraw funds and migrate their accounts.

This transition ensures a unified, upgraded experience for all users under the globally recognized Crypto.com brand, with improved liquidity, enhanced security features, and broader product offerings.

Patrick Yoon, General Manager of Crypto.com South Korea, emphasized the significance of this moment:
“South Korean crypto enthusiasts are highly engaged with the market and eager for more comprehensive and regulated Web3 products and services. We spent significant time and resources tailoring our offering for this market and are honoured to be the first and largest global cryptocurrency exchange to launch in South Korea.”

Building Strategic Partnerships Across Industries

Beyond compliance and infrastructure, Crypto.com has been actively building bridges across South Korea’s vibrant entertainment, gaming, and tech ecosystems. The company has established multiple Memorandums of Understanding (MoUs) with leading local brands, including:

These partnerships reflect a broader vision: integrating cryptocurrency into everyday digital life through culture, entertainment, and technology.

👉 See what’s next in the evolution of digital finance.

Why This Launch Matters for Korean Users

South Korea has long been a hotspot for cryptocurrency interest, with high retail participation rates and strong demand for secure, regulated platforms. Until now, many international exchanges have struggled to meet local compliance requirements or fully localize their services.

Crypto.com’s entry fills this gap by offering:

For many users, this represents their first opportunity to access a globally trusted exchange that operates fully within South Korea’s legal framework.

Frequently Asked Questions (FAQ)

Q: Is the Crypto.com App legal in South Korea?

A: Yes. Crypto.com has obtained official VASP and EFTA registrations from South Korean authorities, allowing it to legally offer crypto trading and related services in the country.

Q: What cryptocurrencies will be available?

A: Users can trade over 150 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), stablecoins, and select altcoins—all subject to local regulatory approval.

Q: Will my funds be safe on the platform?

A: Absolutely. Crypto.com employs bank-grade security, including two-factor authentication (2FA), biometric login, cold storage for 98% of assets, and $750 million in insurance coverage.

Q: Do I need to complete KYC verification?

A: Yes. To comply with South Korean regulations, all users must complete identity verification before trading.

Q: Can I use the Crypto.com Card in South Korea?

A: While the app launch includes trading functionality, availability of the Crypto.com Card will be announced separately as part of future service expansions.

Q: How do I sign up?

A: Registration is simple—download the Crypto.com App, select South Korea as your region, and follow the onboarding steps to verify your identity and fund your account.

Leading the Future of Web3 in Asia

With this launch, Crypto.com isn’t just entering a new market—it’s helping shape the future of digital finance in South Korea. By combining regulatory rigor with cutting-edge technology and strategic local partnerships, the company is setting a new benchmark for what a global crypto platform should look like in a highly sophisticated market.

As Web3 adoption accelerates across Asia, having a reliable, compliant gateway like the Crypto.com App empowers users to explore decentralized finance (DeFi), NFTs, play-to-earn gaming, and more—safely and confidently.

👉 Join millions of users already shaping the future of money.

Core Keywords:

By delivering a seamless blend of security, education, rewards, and innovation, Crypto.com is poised to become a cornerstone of South Korea’s evolving digital economy—one user at a time.