While the majority of companies in the cryptocurrencies space are experiencing the long crypto winter, some companies in the same sector are expanding and positioning themselves for the future.
One of those companies is Crypto.com, the has bought two startups in South Korea payment service provider PnLink and virtual asset provider OK-BIT. Unfortunately, financial details of both transactions has not being disclosed.
“We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies,” said Crypto.com co-founder and chief executive officer Kris Marszalek.
The company says the South Korean market is important part of their broader strategy as they will continue investing.
Patrick Yoon, Crypto.com’s South Korea general manager said: South Korea is an important market for Crypto.com in terms of blockchain technology advancement and high-level crypto interests.
Singapore-based company also revealed that they secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider.
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