KakaoBank, a South Korean digital bank serving over 22 million users, is teaming up with Coinone to offer a new crypto price tracking feature.
KakaoBank, South Korea‘s mobile banking application with dozens of millions of users, has expanded its services by launching a new crypto price inquiry tool, developed in collaboration with Korean crypto exchange Coinone.
According to a Chosun Biz report on Tuesday, KakaoBank’s customers can now track real-time prices of such cryptocurrencies as Bitcoin (BTC) and Ethereum (ETH) directly within the KakaoBank app. A spokesperson for KakaoBank explained that the system displays rankings based on transaction amount, market capitalization as well as price increases and decreases.
The partnership between KakaoBank and Coinone has been long-standing, and the latest development builds on this collaboration. The two companies previously teamed up in 2022 when KakaoBank began offering Coinone users the ability to open deposit and withdrawal accounts for crypto transactions.
For Coinone, the partnership comes despite previous regulatory scrutiny. In late 2024, South Korea’s financial watchdog reportedly began investigating Coinone over sharp price swings in Movement’s token, raising concerns about potential unfair trading.
The Financial Supervisory Service, which oversees financial institutions, reportedly looked into whether there were any unfair trades when MOVE’s price surged 46,000 times before quickly dropping back down. However, no public accusations have been made against Coinone regarding any wrongdoing since then.
