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Crypto.com Names Former Visa Country Manager to Head South Korea Operations
Patrick Yoon has also worked for Standard Chartered Bank in several countries.
Updated May 11, 2023, 4:13 p.m. Published Sep 6, 2021, 11:30 p.m.
Crypto.com appointed Patrick Yoon, former country manager at Visa Korea and Mongolia, as its general manager for South Korea.
- Yoon’s experience in the country will help the crypto exchange reach “new heights,” CEO Kris Marszalek said in a statement.
- During his three-year stint at Visa, Yoon worked with regulatory bodies and financial institutions.
- Prior to his time at Visa, Yoon worked at Standard Chartered Bank in South Korea, Singapore, Taiwan and the U.K.
- The Crypto.com app offers trading, lending, and payment services. The firm also offers a Visa card to users who stake, or lock up, its token, CRO, for more than 180 days, according to its website.
- In the past 12 months, the app has grown fivefold to 10 million users. Spending on the Crypto.com Visa card grew by 55% in 2020, the company said in March.
- In August, Crypto.com picked former Spotify executive Henrik Johansson to head its growth operations. Johansson aims to reach 100 million users in two years.
- Meanwhile, South Korean crypto exchanges are struggling to meet a September regulatory deadline.
Read more: Upbit Is First Korean Exchange to Register With Authorities Before September Deadline
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