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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.

Sep 6, 2021 at 11:30 p.m. UTC
Updated Sep 7, 2021 at 2:10 p.m. UTC

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Eliza Gkritsi is a CoinDesk news reporter based in Asia.

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