Bithumb, South Korea’s top digital asset exchange, revealed Thursday that it combines its system with mobile applications from three major local financial institutions: Samsung Securities, NH Nonghyup, and KB Kookmin Bank.
Bithumb customers may now access current crypto prices and the status of their digital asset investments, such as earning rates, via Samsung’s mPOP, NH Smart Banking, NH Allone Bank, and KB StarBanking mobile applications.
Bithumb wrote in a press release:
“As digital assets move closer to traditional finance, we are thinking about ways for customers to manage their portfolios at ease.”
Last year, the crypto exchange teamed with NH Nonghyup Bank, which gives Bithumb customers with real-name deposit and withdrawal accounts in line with South Korean crypto legislation.
Bithumb, along with Upbit, Coinone, Korbit, and Gopax, are the top five cryptocurrency exchanges in South Korea. Last year, it accounted for 17.1% of the overall crypto trade volume in the country.
The exchange is said to be in talks with FTX to be acquired by Sam Bankman-Fried.
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