Crypto.com will soon launch its cryptocurrency trading app in South Korea, providing retail investors in the country access to a wide range of cryptocurrencies and NFTs. The president and CEO of Crypto.com highlighted the importance of the South Korean market in their growth strategy. This move comes after the acquisition of OK-Bit, signaling the end of its services and the start of operations coinciding with the launch of Crypto.com’s app on April 29. This initiative is specifically aimed at retail investors due to restrictions in South Korea that prevent institutions from investing in cryptocurrencies. The company's expansion in South Korea aligns with its broader strategy to establish a presence in key global markets. Despite preparations for this launch since 2022, Crypto.com faces heightened regulatory scrutiny in South Korea, with stricter measures being implemented by the Financial Intelligence Unit and proposed amendments by the Financial Services Commission.