KakaoBank adds real-time cryptocurrency price tracking to its app, expanding services in partnership with Coinone - IcoHolder.

KakaoBank, South Korea’s leading digital bank, has introduced a new feature within its mobile app that allows users to track real-time cryptocurrency prices. The tool, developed in collaboration with Korean crypto exchange Coinone, offers users access to price data for major cryptocurrencies like Bitcoin and Ethereum, along with rankings based on transaction volume, market capitalization, and price fluctuations.

The launch of this feature marks an expansion of KakaoBank's services for its extensive user base, which exceeds 22 million. This partnership with Coinone builds on a long-standing collaboration between the two companies. In 2022, KakaoBank began allowing Coinone users to open deposit and withdrawal accounts for crypto transactions, further integrating the digital banking and crypto markets.

Despite facing regulatory scrutiny, particularly after an investigation into Coinone's involvement with sharp price movements of the Movement token in late 2024, the partnership continues to flourish. South Korea's financial regulator, the Financial Supervisory Service, had raised concerns over potential unfair trading when the price of Movement surged dramatically before a rapid drop. However, no formal charges or accusations of wrongdoing have been made against Coinone.

The latest feature is expected to enhance KakaoBank’s position in the increasingly competitive fintech and cryptocurrency space, providing users with easy access to important crypto market data directly from their banking app.