Nowaday traditional mobile banking are constantly upgrading their services to attract more and more users, some of them have even started telecasting the live prices of cryptocurrencies on their traditional applications.
In the most recent development, KakaoBank, a known mobile banking in South Korea with a customer base of millions, has launched its newly formed crypto price inquiry tool, developed in collaboration with Coinone, a centralized cryptocurrency exchange.
Following this development, the market experts in South Korea say that KakaoBank might be planning to debut its crypto trading services soon, yet there is no official confirmation from the mobile fintech giant.
App users can now access the real-time price of BTC & ETH, and others
With this development, KakaoBank app users can now see the real-time prices and other things like volume and market cap of cryptocurrencies like Bitcoin and Ethereum, including a few others.
A spokesperson told a regional media outlet that the in-house system displays ranking as per transaction amount, volume, market and price including other numerical values.
Coinone and KakaoBank 1st came in partnership in 2022 ,when the bank agreed to enable the users of the exchange to open deposit and withdrawal accounts for crypto transactions.
South Korea remains cautious about crypto and related activities
Since the beginning of this year till writing, the regulators of South Korea have guided Apple Store and Google Play Store to block access to a few international exchanges that aren’t listed in the nation.
On April 15, 2025 Todayq reported that the iOS store has removed the availability of 14 international crypto based applications in South Korea and in March this year the Play Store has also removed 17 applications of such types.
Authorities indicate that the guidance from the financial regulatory body was prompted by the rising instances of illegal activities related to cryptocurrency, with a major factor in the prohibition being the absence of appropriate registration for these foreign crypto exchanges within the country.
The prohibition prevents new users from installing any of the 17 specified applications, while those who already have the app installed will be unable to receive updates. This isn’t the first occasion where Google has limited access to applications that provide crypto-related services.
This marks the third instance in which South Korea has prohibited crypto-related applications. In 2022, the country banned 16 applications, and in 2023, six applications were banned. Even with crackdowns from authorities, there exists a framework for registering offshore exchanges in the nation.
The favorable atmosphere for cryptocurrencies in South Korea has sparked a new global discussion, with some asserting that the country is likely to soon emerge as a leading crypto hub.
However, at present, the United Arab Emirates and Hong Kong are in a tight race with each other to establish themselves as a worldwide crypto center.
