The top digital bank in South Korea, KakaoBank, has teamed up with cryptocurrency exchange Coinone to add a real-time cryptocurrency price tracking function to its mobile app.
According to local media reports, through its platform, KakaoBank, which has more than 22 million users, now lets users keep an eye on the real-time pricing of popular cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC).
How Will This Be Beneficial?
The new tool gives consumers a thorough understanding of the cryptocurrency market by displaying ranks based on market capitalization, transaction volume, and price changes.
The current partnership between KakaoBank and Coinone, which started in 2022 when KakaoBank began offering Coinone users real-name verified deposit and withdrawal accounts, is strengthened by this partnership.
KakaoBank hopes to improve user engagement and offer a smooth experience for clients interested in digital assets by incorporating real-time crypto data.
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New Partnership Comes Amid South Korea’s Banking System Sees Change
The collaboration is part of a larger trend in South Korea’s financial industry, where conventional banks are adopting cryptocurrency services more frequently in order to satisfy rising customer demand.
Partnerships like KakaoBank and Coinone’s are positioned to be crucial in determining the direction of digital money in the area as regulatory frameworks change.
New Partnership Comes Despite Coinone’s Previous Legal Troubles
The Financial Supervisory Service (FSS) of South Korea opened an investigation into Coinone in December 2024 when the Movement (MOVE) token saw an unusual spike in price.
Within minutes, the value of the token soared from roughly 215.3 won (about $0.15) to 998,500 won (about $697), before falling to 5,300 won.
Concerns over possible unfair trading activities and the effectiveness of Coinone’s internal monitoring measures were raised by this 46,000-fold variation.
The goal of the FSS’s investigation was to ascertain whether Coinone engaged in any manipulative practices or neglected to put in place the necessary precautions to stop this volatility.
The incident has increased regulatory scrutiny of South Korean cryptocurrency exchanges, emphasizing the necessity of strong compliance measures to safeguard investors and preserve market integrity.
New Partnership Also Comes as South Korea Sees Rise in Crypto Userbase
In South Korea, the use of cryptocurrencies has increased dramatically; as of early 2025, more than 16.2 million people, or over one-third of the population, owned digital assets.
Compared to 14 million investors in March 2024, this represents a significant increase, indicating the country’s cryptocurrency user base is growing quickly.
A number of causes are responsible for this rise. The implementation of more advantageous regulatory frameworks has boosted institutional and retail involvement in the cryptocurrency sector.
Furthermore, the development of user-friendly platforms and heightened public awareness have opened up crypto investing to a wider range of people.
It is noteworthy that the demography of cryptocurrency investors is becoming more diverse, with notable increases seen among those in their 50s and 60s.
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