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Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead


Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead

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  • 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.

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