Samsung Securities is reportedly working on launching its own crypto exchange platform early next year. Reports say that Samsung isn’t the only South Korean company to aim for this goal, as several other firms are now laying down the necessary groundwork for their future crypto trading platforms.
This new push into the crypto market by various domestic companies is in large part driven by President Yoon Suk-yeol’s stance on cryptocurrencies and virtual asset trading. Unlike the ex-Korean President, Yoon Suk-yeol has a pro-crypto stance and devised plans to encourage domestic investors.
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