Banks are still wary of the cryptocurrency partnership

Banks are still wary of the cryptocurrency partnership

The resurgence of cryptocurrency trading as well as upcoming changes in the law requiring bitcoin investments to be made with accounts under real names are likely to provide new opportunities for commercial lenders seeking new sources. of income. But many are still hesitant to link with crypto exchanges, citing risks in the volatile market and a lack of confidence in partnering with smaller crypto exchanges here.

Currently, three banks – Shinhan, NH Nonghyup and K bank – are in partnership with the four largest exchanges in the country – Upbit, Bithumb, Coinone and Korbit. Their partnerships seem to have paid off, as all three brought in 1.4 million new …

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