Samsung Securities, among others planning to roll out crypto exchanges in South Korea

Amidst this big crypto takedown, several traditional brokerages in South Korea were reportedly prepping to roll out their exchanges. According to a recent report, seven firms had sent out applications seeking preliminary approval and establishing corporations to operate a crypto exchange. These exchanges are expected to debut in the first half of 2023, and the report brought only two out of seven firms to light. Samsung Securities, a subsidiary of Samsung Futures Inc., and Mirae Asset Securities were the two platforms mentioned in the report.