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Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead


by Lipika Deka
for CoinEdition
Bithumb Partners with Kookmin Bank to Rival Upbit
  • Bithumb switches partner bank to KB Kookmin Bank starting March 24th.
  • Kookmin Bank’s stronger appeal to the 2030 generation promises increased accessibility for investors.
  • The partnership could challenge Upbit’s dominance in the Korean crypto market.

Bithumb’s partnership with KB Kookmin Bank will likely reshape South Korea’s crypto market. This change, effective March 24, from Nonghyup Bank to Kookmin Bank, is a strategic move to attract younger and institutional investors. The partnership aligns with regulatory changes that encourage exchanges to improve their market appeal and operational efficiency.

In May 2024, Bithumb tried to register KB Kookmin as its partner firm with the Korea Financial Intelligence Unit (KoFIU). Ho…

The post Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation

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Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead


by Lipika Deka
for CoinEdition
Bithumb Partners with Kookmin Bank to Rival Upbit
  • Bithumb switches partner bank to KB Kookmin Bank starting March 24th.
  • Kookmin Bank’s stronger appeal to the 2030 generation promises increased accessibility for investors.
  • The partnership could challenge Upbit’s dominance in the Korean crypto market.

Bithumb’s partnership with KB Kookmin Bank will likely reshape South Korea’s crypto market. This change, effective March 24, from Nonghyup Bank to Kookmin Bank, is a strategic move to attract younger and institutional investors. The partnership aligns with regulatory changes that encourage exchanges to improve their market appeal and operational efficiency.

In May 2024, Bithumb tried to register KB Kookmin as its partner firm with the Korea Financial Intelligence Unit (KoFIU). Ho…

The post Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bybit Follows Binance’s Lead, Enters Talks to Acquire Korbit in South Korea

Bybit Follows Binance’s Lead, Enters Talks to Acquire Korbit in South Korea

Bybit is reportedly in discussions to acquire Korbit, one of South Korea’s oldest and...
’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation

’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation

Stablecoins must be introduced with sufficient safeguards, given their potential effe...