South Korean Brokers to Launch Crypto Exchanges

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Seven of the largest South Korean brokerage companies have applied for corporate structure approval to launch crypto exchanges in the first half of 2023, NewsPim has reported.

According to what the companies have told the publication:

“Currently, the necessary discussions with departments are being completed.”

Mirae Asset Securities has created a subsidiary, Mirae Asset Consulting, to enter the virtual currency market. The company employs R&D specialists across a variety of digital assets, including Bitcoin, Ethereum, and NFTs.

The company promotes directions within the overall strategy of the Mirae Asset Group, of which it is a part.