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Coinone will no longer allow withdrawals to unverified external wallets

Coinone, one of the “Big Four” crypto exchanges in South Korea, announced Wednesday that it will no longer allow withdrawals to non-verified external wallets. The change comes into effect on January 24, 2022. That means Coinone users will have to register their external wallets with the exchange, or else they will no longer be allowed to withdraw their funds held at their exchange accounts. “If you need to withdraw Coinone’s virtual assets to another virtual asset wallet from January 24, …

SK Telecom spinoff buys 35% stake in local crypto exchange Korbit

SK Square, a non-telecoms investment subsidiary of South Korea’s largest wireless carrier Sk Telecom, has invested 90 billion won (about $75 million) in crypto exchange platform Korbit. According to a statement from the company quoted by Korea JoongAng Daily, SK Square is looking to grow its net asset value by holding Korbit shares. Korbit is one of the “big four” South Korean crypto exchanges alongside Bithumb, Upbit, and Coinone. Following the investment, SK Square now owns a 35% stake in …