South Korean Samsung Electronics may launch its own cryptocurrency exchange next year, according to Market Watch, citing local media.
Samsung is one of seven South Korean companies that have recently submitted applications to regulators for licenses needed to create a cryptocurrency exchange. Other companies include Mirae Asset Securities Co., one of the nation’s largest stock market brokers.
According to South Korean media, Samsung expects to create a new exchange in the first half of 2023.
This is not Samsung’s first move into the cryptocurrency market. Earlier this year, the company added a cryptocurrency wallet feature to its Galaxy smartphones.
