KakaoBank Partners with Coinone for Crypto Price Tracking
KakaoBank, South Korea’s leading digital bank, has introduced a new feature for its users. The bank, which serves over 22 million customers, has teamed up with Coinone, a local crypto exchange.This collaboration allows KakaoBank users to check real-time prices of popular cryptocurrencies like Bitcoin and Ethereum directly in the app.
According to a Chosun Biz report, the new tool displays rankings based on transaction volume, market cap, and price changes. This makes it easier for users to stay informed about the crypto market without leaving the app.
the partnership between KakaoBank and Coinone is not new. In 2022, they worked together to let Coinone users open deposit and withdrawal accounts for crypto transactions. This latest progress builds on their existing relationship.
However, coinone has faced regulatory scrutiny in the past. In late 2024, South Korea’s financial watchdog investigated the exchange over sharp price swings in Movement’s token. The Financial Supervisory Service looked into whether there were any unfair trades when MOVE’s price surged dramatically. No public accusations have been made against Coinone as then.
Despite thes challenges, the partnership continues to grow, offering more crypto-related services to KakaoBank’s vast user base.
