Kbank said on the 2nd it will extend its partnership for real-name verified deposit and withdrawal accounts (real-name accounts) with the virtual asset exchange Upbit through Oct. next year, continuing cooperation in digital assets.
Kbank decided to extend its real-name account partnership with Upbit and is proceeding with related procedures. Kbank and Upbit have maintained a close partnership for five years since starting their real-name account tie-up in Jun. 2020.
Kbank's asset size grew 15-fold from 2 trillion won in the second quarter of 2020 to about 30 trillion won in the second quarter of this year. The number of virtual asset corporate accounts more than doubled this year, surpassing 100 accounts as of the end of Aug.
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