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MainNewsBithumb Sign...

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

Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence

Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence

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Emarat & Crypto.com Announce Pilot for Crypto Fuel Payments in the UAE

Emarat & Crypto.com Announce Pilot for Crypto Fuel Payments in the UAE

Crypto.com is partnering with the UAE’s state-owned Emirates Petroleum Company (Emara...
MainNewsBithumb Sign...

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

Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence

Coinbase to Acquire Deribit for $2.9B, Enhancing Crypto Derivatives Presence

Coinbase, the biggest cryptocurrency exchange in America, will acquire Deribit, a maj...
Emarat & Crypto.com Announce Pilot for Crypto Fuel Payments in the UAE

Emarat & Crypto.com Announce Pilot for Crypto Fuel Payments in the UAE

Crypto.com is partnering with the UAE’s state-owned Emirates Petroleum Company (Emara...