Dominating South Korea’s Crypto Custody Market with 80% Share!
The post Dominating South Korea’s Crypto Custody Market with 80% Share! appeared on BitcoinEthereumNews.com.
Organized Network, an innovative cloud liquidity infrastructure solutions provider for decentralized finance or DeFi, has partnered with KODA, the leading cryptocurrency custody company from South Korea. 1/ We just partnered with KODA 💜 KODA, established as a joint venture by KB Kookmin Bank and @hashed_official, and is a leading cryptocurrency custodian in South Korea, commanding approximately 80% of the market share! This will significantly boost our presence and… pic.twitter.com/uxiqEzm8C2 — Orderly Network (@OrderlyNetwork) November 19, 2024 This collaboration can be considered a significant step for Web3 market penetration in the Korean region and unifying traditional finance and decentralized finance (DeFi) markets. Orderly Network and KODA could deliver new benefits for Korean investors and open the door to DeFi, enabling investors to be more secure, accessible, and compliant in the digital economy space. Merging Traditional and Decentralized Finance The partnership brings together the strengths of both companies: KODA’s market leadership in crypto custody and Orderly Network’s robust cloud-based solutions for liquidity. South Korean crypto investment giant KODA, formed by the country’s major financial bank KB Kookmin and blockchain investment firm Hashed, holds an 80% market share in the Korean crypto custody sector. When combined with Orderly’s technology, such a reputation focuses on disrupting the way Korean investors engage in digital assets. Simplifying Access to DeFi for Korean Investors For Korean investors, one of the primary objectives of such collaboration is to remove barriers associated with decentralized trading platforms to make DeFi more attractive. Due to Orderly Network’s highly integrable nature of the product, users can engage with DeFi in a manner reminiscent of CEXes but offer the primary benefits of decentralized finance in the process. The benefits of using KODA’s secure custody services to solve the issues of Korea’s stiff regulatory environment are an addition of a stable and compliant avenue…
Filed under: News - @ November 20, 2024 1:26 pm