Korean Cryptocurrency Pioneers Episode 12 - Kwon Yo-seop, the First Korean to Establish an Exchange

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Background

Where does the history of South Korea’s cryptocurrency industry begin? This series traces the roots of Korean cryptocurrencies and documents the hidden stories of the pioneers.

Kwon Yo-sep: The First Korean to Found an Exchange

The first person of Korean nationality to establish a cryptocurrency exchange is Kwon Yo-sep(Yo Sub Kwon). In November 2012, he co-founded the cryptocurrency exchange Coinsetter(Coinsetter) in New York, USA. This was about a year before Korea’s first exchange, Korbit, and at the time, it was one of the most technically sophisticated exchanges.

The Founding of Coinsetter

Coinsetter was co-founded by Kwon Yo-sep and Jaron Lukasiewicz(Jaron Lukasiewicz). Kwon Yo-sep is a relatively unknown figure in Korea; his name briefly appeared in the local community in November 2013, and that was the first and last time. However, he was quite well-known overseas.

Kwon Yo-sep’s Career

Kwon Yo-sep is a natural programmer and venture entrepreneur. He has participated in founding many companies:

• 2006: American Productions
• 2011: ShirtsByMe(ShirtsByMe)
• 2012: LaunchKey(LaunchKey) and Coinsetter
• 2017: Hosho(Hosho)
• 2021: ZettaFi Labs(ZettaFi Labs)

He majored in Computer Engineering at Virginia Tech(Virginia Tech). During his studies in 2006, he co-founded American Productions with web designer Ryan Mendoza(Ryan Mendoza), jumping into the startup scene early.