Samsung to launch its Crypto Exchange Launch in 2023

Samsung’s investment arm is targeting the launch of its own cryptocurrency platform.

Samsung Securities is one of seven South Korean brokerages looking to start operating a crypto exchange in the first half of next year.

Talks with local authorities over securing licensing are said to be in advanced stages.

Local media reports have it that Samsung Securities is conducting a study on how best to enter the blockchain business.

Samsung had seen its previous attempts to launch an exchange thwarted as it was reportedly unable to hire the right professionals to run it.

Samsung Securities was the first to launch a global blockchain exchange-traded fund (ETF) in Asia.

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