KakaoBank partners with Coinone to launch a real-time cryptocurrency price tracking feature for its users. Customers can now check live prices for Bitcoin and Ethereum directly in the app. This collaboration builds on their previous relationship, despite Coinone facing regulatory scrutiny over trading practices.
KakaoBank, a digital bank in South Korea, has joined forces with Coinone to introduce a new feature for real-time cryptocurrency price tracking. This partnership aims to enhance the banking experience for KakaoBank’s 22 million users by providing direct access to live prices of cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), through its app.
The new feature allows users to monitor cryptocurrency prices based on key metrics such as transaction volume, market capitalisation, and price fluctuations. A KakaoBank spokesperson noted that this functionality reflects the bank’s commitment to integrating financial services with cryptocurrency market data.
The collaboration between KakaoBank and Coinone has developed over time, having first commenced in 2022. At that time, KakaoBank enabled Coinone users to create deposit and withdrawal accounts to facilitate cryptocurrency transactions, thereby expanding their service offerings.
This partnership arrives amid ongoing regulatory scrutiny faced by Coinone. In late 2024, South Korea’s financial regulatory authority initiated an investigation related to significant price changes of the Movement token, prompting concerns over potential market manipulation. Despite these challenges, the Financial Supervisory Service has not made any allegations of misconduct against Coinone since the investigation began.
