KakaoBank Adds Crypto Price Tracking in Partnership With Coinone
KakaoBank, one of South Korea’s prominent digital banks with a customer base exceeding 22 million, has added a new cryptocurrency feature in its ongoing partnership with Korean exchange Coinone. The bank now allows users to view real-time prices of prominent digital assets like Bitcoin and Ethereum directly in its mobile application.
Real-Time Data With Market Insights=
The price inquiry function doesn’t just show real-time prices, according to Chosun Biz—it also ranks cryptocurrencies by transaction volume, market cap, and price volatility. The feature aims to enhance user access to real-time market data without needing to use a crypto app or service.
A spokesperson for KakaoBank said the integration is seamless, offering an easy way for users to be alerted to key price movements and rankings right in their banking app.
Following a Long-Term Collaboration
This is not the first collaboration between KakaoBank and Coinone. The two entities partnered in 2022 to offer deposit and withdrawal accounts to the users of Coinone. The recent development solidifies their partnership and indicates the increasing need for integrated crypto features in conventional banking applications.
Coinone Presses On Amid Regulatory Spotlight
Coinone’s move into this feature comes after earlier regulatory scrutiny. In late 2024, the Financial Supervisory Service (FSS) reportedly investigated the exchange for massive price fluctuations in Movement (MOVE) token, which pumped before crashing. While the investigation sparked worry, no formal charges against Coinone have been issued.
Although it has caused alarm in the past, Coinone remains an important player in Korea’s crypto environment, and its agreement with KakaoBank suggests a continued push to bring regulated, user-friendly crypto services into the mainstream banking sector.
