Crypto.com Expands Korean Reign: Acquires PnLink and OK-BIT

Crypto.com is solidifying its presence in South Korea with a strategic acquisition, aiming to meet local regulations and expand its virtual asset services. As per Bloomberg, in order to get registrations under the country’s Electronic Financial Transaction Act and as a virtual-asset service provider, the company claimed to be committed to full compliance and responsible innovation.

On Monday, Crypto.com announced that it had completed the acquisition of payment service provider ‘PnLink Co, Ltd,’ and virtual asset Service provider ‘OK-BIT Co, Ltd.’ By doing so, Crypto.com gains crucial infrastructure and expertise to navigate the Korean crypto landscape.

The acquisition of PnLink, a payment service provider, enhances Crypto.com's ability to facilitate seamless transactions within the Korean market. Simultaneously, acquiring OK-BIT, a virtual asset service provider, strengthens Crypto.com’s position in offering a comprehensive suite of crypto-related services to Korean users. This move demonstrates Crypto.com’s commitment to becoming a leading player in the Korean cryptocurrency market, adapting to stringent regulations while offering cutting-edge services.

Stay updated with the latest developments as Crypto.com continues its expansion and innovation in the Korean crypto space. Learn more about the impact of the PnLink and OK-BIT acquisitions on the future of cryptocurrency in South Korea.