Coinone ends 'Coin Collecting' service on Kakao Bank app after one week

South Korean crypto exchange Coinone has announced the termination of its "Coin Collecting" service offered through the Kakao Bank app, effective yesterday. As a result, users can no longer access the service from the "Invest" menu within the Kakao Bank app, though it remains available on Coinone's own app and website. According to Dailian, an industry insider commented that the move is unusual. "It is rare for a financial platform partnership service to be terminated just a week after launch, as they typically undergo extensive internal review," the source said, suggesting the decision might be a response to the current regulatory climate.