INEX Becomes First Virtual Asset Exchange To Complete Registration Since 2022

Infinity Exchange Korea (CEO: Lee Jae-kang), operating the virtual asset exchange INEX, announced on the 15th that it has completed its registration as a virtual asset exchange operator, the first since 2022. This registration marks a significant milestone in the domestic market, especially under the new, stricter requirements of the Virtual Asset User Protection Act implemented in July. INEX exchange, making a fresh start under this new regulation, is gaining attention since other exchanges have either ceased operations or withdrawn their registration renewals.

INEX has also strengthened its competitiveness through aggressive talent acquisition. Former Bithumb Korea CEO Choi Jae-won has taken on the role of CFO and Head of Business Support Division, and former Seoul Northern District Prosecutor Kim Jae-hwa is now serving as legal counsel. Previously responsible for IR at Samsung Securities, Yu Ji-hyun has joined INEX as the head of IR to strengthen investor communications. Other significant hires include Kim Gyu-tae as CPO from Fount Finance and Kim Myung-guk from KPMG Accounting to lead product and finance, respectively.

INEX seeks to stand out by focusing on safety, compliance with the Virtual Asset User Protection Act, and its core management philosophy of providing a secure and transparent trading environment. To maximize customer convenience as well as ensure a secure trading environment, INEX formed a partnership with Xangle, the largest Web3 solutions provider in Korea, in August. This partnership focuses on enhancing compliance and providing transparent information for investors. Through this collaboration, INEX plans to offer comprehensive and in-depth information, such as real-time circulation data and market trends, moving beyond the limited information traditionally provided by exchanges.

CEO Lee Jae-kang stated, “With this registration, INEX can now introduce the reliable platform and transparent investment experience we’ve been preparing. We will focus on creating a safe, transparent trading environment while leveraging our advantages as a new entrant to establish a strong position in the market.”

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