Quick Breakdown:
- Coinone becomes the first Korean exchange to launch a flexible bitcoin staking service through Babylon protocol.
- Users can stake BTC without lock-up periods, earning BABY tokens while keeping full deposit and withdrawal access.
- A promotional event runs until Sept. 7, offering up to 10 million won in bitcoin rewards to participants.
South Korean crypto exchange Coinone has rolled out the country’s first flexible bitcoin staking service, giving users a new way to earn rewards on BTC while maintaining full liquidity.
The launch positions Coinone at the forefront of Korea’s digital asset market as staking gains traction globally. Unlike traditional staking models, which lock assets for fixed periods, Coinone’s product allows users to deposit, withdraw, and trade bitcoin freely during the staking process.
Coinone has become South Korea’s first exchange to offer Bitcoin staking, powered by the Babylon protocol, while keeping users’ BTC fully accessible (no lock-up). Early adopters can also earn bonus rewards through a launch promotion running until Sept. 7 pic.twitter.com/Ypk4D0JNwE
— plug (@defiplugs) August 29, 2025
Bitcoin Staking via Babylon Protocol
Under the new program, users delegate their BTC to the Babylon protocol, a blockchain designed to enhance bitcoin staking. In return, participants earn BABY, Babylon’s native utility token, as staking rewards.
The flexible design is expected to attract both retail and institutional investors who want to generate yield without sacrificing access to their assets. Coinone stated that the service is designed for long-term bitcoin holders who seek additional income streams while supporting blockchain security.
Launch Event and Incentives
To promote adoption, Coinone is hosting a special launch event until Sept. 7. Users who register with an event code, agree to staking terms, and purchase at least 100,000 won ($72) worth of BTC will qualify.
The 10 largest buyers will share 2 million won in bitcoin rewards, distributed by rank, while all other participants will split an additional 8 million won equally.
Coinone CEO Lee Seong-hyun said the initiative reflects growing demand for bitcoin as a long-term investment asset.
“With global interest in holding BTC, we want to lead with a staking service that combines security, liquidity, and yield,”
Lee noted.
The launch underscores Korea’s increasing role in the evolution of bitcoin-based financial products, bridging traditional exchange services with innovative blockchain protocols.
The launch comes as South Korea’s Financial Services Commission (FSC) ordered all domestic exchanges to suspend lending products, citing investor risks and market instability. The directive, effective immediately, will remain in place until a formal framework for digital asset lending is introduced.
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