⚡️The Crypto.com app launches in South Korea🇰🇷

⚡️The Crypto.com app launches in South Korea🇰🇷

The app allows opening crypto trading accounts and is oriented towards retail users. in compliance with new regulatory requirements, the cryptocurrency platform "OK-BIT," owned by the company, will cease operations on April 29.

➡️ To open a crypto account in South Korea, a special type of bank account, only for individuals, is required. This poses a challenge for corporate entities seeking entry into the crypto market.

➡️ ...But there's good news: transactions on the app support 150 cryptocurrencies.

➡️ In addition, Korean users will have access to exclusive NFT projects through Crypto.com NFT, to educational resources via Crypto.com University, as well as various benefits and bonuses.

➡️ A bit of context. According to forecasts by the Statista portal, the average income per cryptocurrency user this year is expected to reach 0.2k USD, with a total revenue volume in the market will be 1.8 billion USD. Moreover, the compound annual growth rate (CAGR, 2024-2028) is expected to be 5.12%, leading to a projected total value of 2.2 billion USD by the year 2028.

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