SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Australian Household Spending Dips in December as RBA Tightens Policy 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
KakaoBank is mulling to get into the cryptocurrency business. Thus, it is reportedly forming ties with crypto exchanges for a possible partnership. The bank plans to enter the digital currency industry through this collaboration with crypto operators.
As per The Korea Times, the web-based South Korean bank is leaving its doors open for any possibilities before going for a more solid step for its branching out to a new industry. It was noted that this move just shows there is a growing demand for digital currency business in the country and overseas.
Market insiders also pointed out that KakaoBank’s young and innovative identity increases the likelihood of its alliance and collaboration with any of the crypto exchanges operating locally.
They can easily see the company’s ties to crypto firms in the future as it is one of the emerging brands as well that is being patronized by the new generation.
"KakaoBank is positively reviewing plans on how we will be able to launch crypto-related services or businesses, as more customers identify crypto assets as a major financial investment area," Yoon Ho Young, KakaoBank’s chief executive officer, said at a recent company conference call.
All crypto exchange firms in South Korea are required to sign a business contract with a commercial bank to be able to operate, and so far, only five crypto exchanges have been able to meet this requirement, and these are Bithumb, Upbit, Coinone, Korbit, and Gopax. This was required so it would be easy to identify and authenticate users since they must input their real names when opening a bank account to use crypto exchanges.
In any case, KakaoBank reached 18.61 million customers in March, and this number has shown an increase of 620,000 compared to the end of 2021. If it succeeds in its crypto business, it is predicted to attract more customers.
"Kakao has indirectly collaborated with Upbit, and holds expertise in the trendy tech area," a crypto business insider stated. “It will not be that hard for any Kakao subsidiary to launch crypto-related services thanks to its tech agility.”
