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Crypto.com Expands in South Korea, Looks Beyond Market Rout

  • Digital-asset exchange said it acquired PnLink and OK-BIT
  • South Korea prized for relatively wide embrace of crypto

Digital currency platform Crypto.com unveiled acquisitions in South Korea, pushing ahead with expansion in a bet that digital-asset markets will recover from this year’s rout.

The company said Monday it had acquired South Korean payment service provider PnLink Co. and virtual-asset exchange OK-BIT Co., securing registrations under the nation’s Electronic Financial Transaction Act and as a virtual-asset service provider.