BitGo CEO Mike Belshe said Korea is more than a retail crypto market and could become important for institutional digital asset adoption. He said BitGo Korea completed registration as a virtual asset service provider on Aug. 20, becoming the first foreign crypto company to enter the Korean market through direct registration. Belshe said the company is starting with custody and transfer, while Korea still faces unresolved policy questions on stablecoin issuers and exchange ownership caps.
BitGo logo / Reuters-Yonhap
BitGo CEO Mike Belshe / Courtesy of BitGo
Global crypto companies often underestimate Korea by viewing it primarily as a retail trading market, but that perception overlooks the country’s sophisticated financial institutions, advanced technology infrastructure and growing demand for regulated digital asset services, BitGo CEO Mike Belshe said.
These factors could make Korea an important market for institutional crypto adoption, he said.
