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# Singapore-based crypto platform Crypto.com launches in South Korea
- URL: https://www.techloy.com/singapore-based-crypto-platform-crypto-com-launches-in-south-korea/
- Published: 2022-08-09T10:14:37.000Z
- Updated: 2022-12-07T22:10:22.000Z
- Author: Techloy
- Tags: / Crypto, Tech in Singapore

Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea for an undisclosed amount, an important market for the platform in advancing blockchain technology.

- Founded in 2016, Crypto.com serves more than 50 million customers and is the world’s fastest-growing global cryptocurrency platform.
- The company says it secured Electronic Financial Transaction Act and Virtual Asset Service Provider registration by acquiring payment service provider [PnLink](https://pnlink.co.kr/) and virtual asset provider [OK-BIT](https://ok-bit.com/).
- Crypto.com believes that its services would not only help further evolve and empower commerce in Korea but also support the greater creation and development of its Web3 ecosystem.