Samsung will establish its own crypto exchange in 2023

Although cryptocurrencies have experienced a boom in recent years and are increasingly a part of everyone’s lives, there is still a lot of room for further expansion of the industry. There are several countries that are considered “friendly” due to their attitude towards cryptocurrencies, and South Korea became such a country after the arrival of the new president. South Korean companies with securities such as Mirae Asset Securities and Samsung Securities have already confirmed several times that they plan to focus on the crypto industry and launch their crypto exchanges for digital assets.

It may come as a surprise to many that it was Samsung that decided to take such a step, but according to local media, Samsung is not the only large company in the country that wants to be part of the crypto world, and it is rumored that as many as seven other large domestic companies have similar intentions steps. However, such news has not been common in South Korea, where as we mentioned above, the country has been more “pro-crypto” since the new South Korean President Yoon Suk-Yeo took office in May of this year.