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Crypto

Korbit links CROSSx wallet whitelist, simplifies Cross withdrawals

Korbit has started whitelist integration that allows users to transfer Cross held on the exchange directly to the CROSSx wallet. The link lets users move tokens to a Cross ecosystem wallet without an intermediate address or bridge process, enabling immediate use of services such as staking and decentralised exchange functions. CROSSx wallet has been registered as a whitelist wallet at Korbit, and users can add a receiving address and complete verification to withdraw.

Crypto

Exchanges push to cut fee reliance as digital asset results freeze

South Korean digital asset exchanges are accelerating efforts to diversify revenue as trading values fall and profitability weakens. The five biggest won-market exchanges logged $27.8 billion in trading from May 1 to 17, down from earlier months. Dunamu and Bithumb reported sharp first-quarter declines in revenue and operating profit, with trading fees accounting for nearly all sales. Exchanges are expanding partnerships, overseas ventures and Web3 infrastructure, while facing regulatory uncertainty.

Crypto

Korea Investment Securities seeks stake investment in Coinone with global exchange OKX

Korea Investment Securities is known to be seeking a stake investment in Coinone together with global digital asset exchange OKX, drawing industry attention. The two are discussing acquiring about 20 percent each, with a structure likely centered on issuing new shares rather than buying existing stakes. Coinone said it is discussing partnerships, including strategic equity investments, with multiple companies but nothing has been decided.