KakaoBank, South Korea’s leading digital bank with more than 22 million users, has rolled out a new feature enabling customers to monitor real-time cryptocurrency prices directly within its mobile application. The development is part of an ongoing partnership with domestic crypto exchange Coinone.
As reported by Chosun Biz on April 22, the virtual asset price inquiry service permits users to check real-time virtual asset prices within the KakaoBank app, based on the partnership with Coinone. KakaoBank customers can now compare and analyze various investment products, including financial products from securities companies such as issued notes, bonds, repurchase agreements, funds, and virtual assets in the investment menu within the app.
The new crypto price inquiry tool allows KakaoBank users to track digital assets like Bitcoin and Ethereum, providing insights such as transaction volume rankings, market capitalization standings, and percentage-based price changes.
This isn’t the first time the two fintech firms have collaborated. Back in 2022, KakaoBank supported Coinone users by enabling the creation of deposit and withdrawal accounts for crypto trading purposes. The latest integration signals a continued push by the digital bank to expand its offerings in the crypto space while maintaining regulatory compliance.
Coinone, meanwhile, continues to operate under close regulatory observation. In late 2024, South Korea’s Financial Supervisory Service launched an inquiry into the exchange following dramatic price fluctuations in the token MOVE, which soared 46,000% before crashing. Though no formal accusations were made, the event raised concerns about potential market manipulation.
Meanwhile, South Korea’s crypto market sees significant activity among young investors. According to data from local exchanges Upbit and Bithumb, over 185 South Koreans in their 20s held digital assets valued at over ₩1 billion (approximately $750,000) each as of the end of 2023. This group, forming the third-largest segment of high-value crypto holders, primarily invests in leading cryptocurrencies like Bitcoin. Their total holdings amount to ₩967.2 billion (around $3.91 million per individual on average).
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