Korean mobile bank KakaoBank teams up with Coinone for real-time Bitcoin price tracking: report

Kakaobank, a South Korean digital bank serving more than 22 million users, is associated with Coinone to offer a new functionality for monitoring cryptography prices.

Kakaobank, South KoreaThe mobile banking application with tens of millions of users, has expanded its services by launching a new Crypto price search tool, developed in collaboration with Coryan Crypto Coinone.

According to a chosun report Tuesday, Kakaobank customers can now follow the prices in real time of cryptocurrencies such as Bitcoin (BTC) and Ethereum (Ethn) directly in the Kakaobank application. A Kakaobank spokesperson explained that the system displays rankings according to the amount of the transaction, market capitalization as well as price increases and decreases.

The partnership between Kakaobank and Coinone has long been, and the last development is based on this collaboration. The two companies have previously associated themselves in 2022 when Kakaobank began to offer Coinone users the possibility of opening up the deposit and withdrawal accounts for cryptographic transactions.

For Coinone, the partnership occurs despite a previous regulatory examination. At the end of 2024, the financial guard dog of South Korea would have began to investigate Coinone on net price oscillations in the movement token, which raises concerns about unjust potential trading.

The financial supervision service, which oversees financial institutions, would have examined if there were unfair transactions when the Move price jumped 46,000 times before retreating quickly. However, no public accusation has been made against Coinone concerning the reprehensible acts since then.