KakaoBank extends Coinone real-name account deal by one year

KakaoBank has extended its real-name deposit and withdrawal account service agreement with South Korean crypto exchange Coinone by one year, continuing their partnership tied to virtual-asset trading, Newsis reported. Under the renewed contract, Coinone users will continue to deposit and withdraw won through KakaoBank accounts and trade virtual assets as before. The two companies have completed internal procedures for the extension and signed the contract, while Coinone has also completed the related prior filing process with South Korea’s Financial Intelligence Unit. The release did not disclose detailed business results such as the number of KakaoBank accounts brought in through Coinone customers, deposit balances, or partnership fees.