South Korea’s Shinhan Launches Crypto Services on Its Banking App
2025-07-17 23:35:04
Main Idea
South Korea’s Shinhan Bank has launched crypto services on its SOL banking app, marking a significant step in integrating cryptocurrency with traditional banking services in South Korea.
Key Points
1. Shinhan Bank introduced crypto services via its SOL smartphone app, which is part of its smart banking and financial services platform.
2. Currently, only five domestic crypto exchanges in South Korea have permits to offer KRW-crypto pairings, and banks are not yet allowed to offer crypto exchange services.
3. Shinhan has previously explored launching crypto-related services and has registered a trademark for a won-pegged stablecoin (KRWSH).
4. The bank aims to help customers make informed decisions by providing crypto-related information and services through the SOL app.
5. The move is seen as a bullish development for Shinhan Financial Group, potentially boosting its share prices.
Description
The South Korean commercial banking giant Shinhan Bank has launched a range of crypto services on its SOL smartphone app. The South Korean media outlet Field News reported that Shinhan’s services will include real-time price monitoring tools for a range of cryptoassets. They will also include introductory guides designed for first-time crypto investors. Shinhan Bank: Crypto Services Debut While the new functions will not yet allow Shinhan customers to buy or sell crypto directly via the SOL app,...
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