[Crypto Wave] WEB3 Financial Hegemony Competition, Where Does Korea Stand?

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The Message Behind Robinhood's Acquisition of Bitstamp

A major shift in global WEB3 finance has begun. Robinhood, a representative US securities trading platform, has acquired Bitstamp, one of the world's largest cryptocurrency exchanges, for 200 billion won, officially entering the global WEB3 financial ecosystem. Additionally, Nasdaq-listed company ClassOver has raised 67 billion won in funds to purchase Solana (SOL).

The core message is clear. Financial institutions recognize WEB3 finance not just as an opportunity, but as a survival strategy.

Korean Financial Industry Trapped by Regulations

In contrast, the Korean financial industry remains constrained by regulations. Major domestic banks and big tech companies are still unable to actively enter WEB3 financial services due to strict regulations. Even innovative fintech platforms are limited to providing only restricted information, unable to offer direct cryptocurrency trading services.

Robinhood's strategic vision is noteworthy. Beyond simply operating a cryptocurrency exchange, they are building a global integrated financial ecosystem encompassing stocks, cryptocurrencies, tokenized securities, stablecoins, and prediction markets. This represents a paradigm shift that breaks down traditional financial boundaries.

[Source: AI Generated Image]
[Source: AI Generated Image]

Financial Sovereignty Crisis and Digital Colonial Reality

Finance has already transcended borders. Major overseas WEB3 platforms are actively attracting Korean investors and recording massive transaction volumes. Domestic financial institutions remain mere spectators.

The problem is structural capital outflow. Every time domestic investors use overseas platforms, transaction fees, deposited assets, and customer data flow out. This is not just a simple loss of revenue but leads to weakening financial sovereignty in the digital age. While Korean investors' cryptocurrency trading volume reaches hundreds of trillions of won annually, most added value is structurally leaking overseas.

Overwhelming Gap Created by Economies of Scale

Robinhood's Bitstamp acquisition means more than just expanding customer base. It includes 14 years of accumulated institutional investor trust, 85 tradable digital assets, financial licenses in 50 countries, and a global 24/7 uninterrupted trading infrastructure. This creates a level of competitiveness difficult for individual startups or small exchanges to match.

Considering the capital and technological capabilities of major Korean financial groups and big tech companies, they have sufficient potential to gain an advantage in global competition if they fully enter the WEB3 market.

The Golden Time for Market Restructuring is Passing

The market does not wait. Even this year, major global exchanges are experiencing large-scale mergers and acquisitions. US pro-cryptocurrency policies are further accelerating this trend. While Hong Kong, Singapore, and Japan are actively pursuing WEB3 hub strategies, Korea remains blocked by regulatory walls.

If this continues, the Korean financial market will become a Galapagos Island of WEB3 finance.

Creating Synergy Through Institutional Entry

Regulatory relaxation is now essential, not optional. Financial institutions must enter the WEB3 market, introducing systematic risk management and compliance systems, and stably supplying market liquidity through large financial groups' capital. Moreover, they should actively utilize global networks and strategic partnerships to secure international competitiveness and accelerate financial innovation through the convergence of fintech technologies like AI and big data with blockchain.

Last Chance to Enter WEB3 Financial Market, Decide Now

Now is the last opportunity for Korea to avoid being marginalized in WEB3 finance. Regulatory authorities must remove unnecessary barriers hindering innovation, and financial institutions must actively expand into global markets through investment and strategic alliances.

Entry costs will significantly increase after market restructuring is complete. By investing Korea's existing financial infrastructure, technological capabilities, and capital into the WEB3 market, global competitive advantage can be secured.

WEB3 financial transformation is no longer a choice but a necessity. Will Korea seize the initiative and leap forward as a WEB3 financial powerhouse, or become a WEB3 financial colony dependent on overseas platforms? Time is already flowing.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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