2024.08.30
South Korean Banks Have Started Partnering With Crypto Exchanges To Create A New Financial Ecosystem
South Korean banks are increasingly embracing partnerships with cryptocurrency exchanges, as evidenced by Bithumb's agreement with KB Kookmin Bank and NH Bank's new services at Bithumb Lounge.
This shift is driven by the growing crypto industry, banks' desire to attract younger customers, and potential for increased non-interest revenue.
The trend reflects traditional financial institutions adapting to the digitalization and decentralization of finance, signaling the emergence of a new financial ecosystem that blurs traditional boundaries between banking and crypto sectors.
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