Kakaobank, a Korean digital bank that serves more than 22 million users, is working with Coinone to provide a new crypto price tracking feature.
Kakaobank, a mobile banking application with hundreds of thousands of users in Korea, has expanded its service by launching a new Crypto Price Inquiry Tool, developed in collaboration with South Korea’s Crypto Exchange Coinone.
According to a Chosun Biz report on Tuesday, Kakaobank customers can now track real-time prices of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) within the Kakaobank app. A Kakaobank spokesperson explained that the system displays rankings based on trade value, market capitalization and price increases.
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The Kakaobank and Coinone partnership has been around for many years, and the latest developments are based on this collaboration. The companies previously teamed up in 2022 when Kakaobank began offering Coinone users the ability to open deposits and withdrawal accounts for crypto transactions.
For Coinone, partnerships arise despite previous regulatory scrutiny. In late 2024, South Korean financial watchdog began investigating Koinon with sharp price fluctuations in the tokens of the movement, reportedly raising concerns about potential unfair transactions.
Financial Supervisory Services, which oversees financial institutions, reportedly considered whether there were unfair transactions when the price of the move rose 46,000 times. However, since then, no public accusations have been made against Koinon regarding misconduct.
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