Coinone Delays KRW Won Withdrawals

On February 17, 2018 Coinone reported that NH Bank was delaying the withdrawal of KRW won
21 February 2018   1532

Coinone is a cryptocurrency exchange which lets users trade Bitcoin, Ethereum and other coins in an easy, fast and secure way.

On February 17, 2018, Coinone exchange reported that NH Bank has delayed the withdrawal of KRW won. The delay is reportedly connected to the holiday season.

However, Coinone reported that the assets of the users are stored safely, and the users will be notified of the retransmission immediately via SMS after the issue is resolved. The cryptocurrency exchange warned the NH Bank users that they should use the KRW withdrawal function only after the problem is solved.

It is worth noting that previously we have reported about Coinone listing IOTA, Bitcoin Gold and Litecoin.

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   1297

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.