Samsung may open a cryptocurrency exchange

After the Terra crisis this year, South Korea took drastic measures. Along with Samsung Securities, which will comply with these measures, 7 major brokerage houses have applied for a pre-license to open their own cryptocurrency exchanges.

In the news written by the NewsPim newspaper, 7 securities companies, one of the largest companies in South Korea, applied for a pre-license to open a cryptocurrency exchange in the first half of 2023. Only 2 company names were announced. Samsung Securities and Mirae Asset.

Mirae, South Korea’s largest investment bank with a market capitalization of $648 billion, plans to operate the exchange through a subsidiary it will establish under its advisory arm, Mirae Consulting. The company also aims to employ technical staff for the research and development of Bitcoin and other blockchain-based platforms.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.