Topic: Five Other Companies to Open Cryptocurrency Exchanges in South Korea (Read 38 times)

Mirae Assets, Samsung Securities, and Five Other Companies to Open Cryptocurrency Exchanges in South Korea

7 Companies' Plans to Launch Crypto Exchanges in South Korea Revealed in New Filings

According to fresh files, seven businesses are aiming to create crypto exchanges in South Korea, according to Newspin.

Only two businesses were mentioned in the study, notably Samsung Securities and Mirae Assets Securities. These two companies, along with others, expect to open the exchanges in the first half of next year.

Samsung is now conducting research on the best method to enter the crypto ecosystem. Last year, Samsung Securities sought to pioneer the construction of a crypto trading platform, but it failed due to a lack of competence.

Mirae is South Korea's largest investment bank by market capitalization, with $689 million in managed assets. Mirae Consulting will run the next cryptocurrency exchange.

According to sources, there has been an increase in institutional interest in South Korea recently, owing to the country's recent presidential election of Yoon Suk-Yeol, who campaigned on a promise to de-regulate crypto exchanges.

"We must transition to a negative regulation regime to guarantee that at least the virtual asset market remains unaffected," Suk-Yeol stated on the campaign trail.

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