As many industry players look to recover from hefty losses, Crypto.com is turning to greener pastures in South Korea.
On Monday, the Singapore-based crypto platform announced the acquisition of PnLink Co. and OK-Bit Co., a payment provider and a digital asset exchange, respectively.
Subsequently, there are fears that Bitcoin prices will take longer to recover.
Bitcoin (BTC) has been hovering around the $20,000 range for several weeks now after the coin lost over 60% of its value from its peak in November.