to Launch Platform in South Korea Following OK-BIT Acquisition

Twitter icon  •  Published vor 1 Woche  •  Hassan Maishera is set to launch its trading platform in South Korea by the end of April as it replaces local exchange OK-BIT, which it acquired in 2022.


  • is set to launch its crypto services in South Korea.

  • This comes after the company acquired local exchange OK-BIT in 2022. to Roll Out its Services in South Korea

Cryptocurrency exchange is launching its trading services in South Korea on April 29. This is according to the company’s announcement on Tuesday. 

In its blog post, said its South Korean platform will provide trading services in place of locally licensed crypto exchange OK-BIT. This latest development comes after acquired OK-BIT in 2022.

Eric Anziani, president and chief operating officer of commented that,

“We are incredibly excited to be launching the App for retail users in South Korea — a market of tremendous importance to the growth of our business, and one in which consumers are very interested in crypto.” 

Similar to other local players,'s Korean platform is subject to the strict regulations put in place by regulatory agencies. The local platform, called App, will allow South Korean investors to trade cryptocurrency and non-fungible tokens (NFTs). However, the platform will not serve institutional clients as South Korea-based institutions are prohibited from directly investing in crypto.

Patrick Yoon, General Manager of South Korea also commented that,

“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.”

South Korean regulators require local crypto exchanges to partner with banks to enable them to offer fiat-to-crypto trading services. This helps minimze the risks of money laundering and market manipulation. Exchanges that failed to secure a bank partnership will be limited to offering crypto-to-crypto trading services. revealed that it would initially start as a crypto-to-crypto exchange in South Korea but is making efforts to secure the local bank partnership to enable it to provide the full trading experience to its users.



Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.