Coinone Debuts South Korea’s First Bitcoin Staking Service!

Today, the cryptocurrency market of South Korea hit a new milestone when Coinone became the first domestic exchange to launch Bitcoin staking. Historically the staking of Korea was restricted to proof-of-stake (PoS) tokens such as Ethereum, Cosmos, ADA and Solana. Through this release, Coinone has become the first platform where investors can now stake Bitcoin (BTC), which is a proof-of-work asset that rewards users who lock up BTC on the network. This action greatly increases the possibility of staking in Korea, which previously did not deal with anything other than non-Bitcoin-related assets.

Flexible Daily Staking Model

Coinone also provides the same experience by letting you stake Bitcoin without a fixed lock-up duration as it does with other assets. You can also deposit or withdraw your staked BTC any time you desire which makes it easier to get more people on board. This is what sets Coinone apart compared to other services as it provides investors with a flexible and liquid form of staking.

Competitive Edge Amid Intensifying Market

One of the leading names in the crypto market in Korea is Coinone. It is enhancing its ecosystem with helpful services and applications, like connecting crypto to a bank with KakaoBank and powerful security platforms. Another method to expand is the new rollout of Bitcoin staking, which will make Coinone be in front of its competitors in terms of providing new features with fresh and easy-to-use features.

There is closer scrutiny by the regulators. In South Korea, the Financial Supervisory Service (FSS) is exploring crypto‑staking, as an inquiry into whether it is a safe practice and is within the regulations. Coinone, along with other exchanges, Upbit, Bithumb, and Korbit have been requested to disclose information on the way they do business and how they guard the users. No ban is imposed immediately, but the FSS is examining whether staking services such as the new Bitcoin launch would require additional protections to investors under the securities law.

Safety, Trust and Staking Potential

Coinone emphasises security. The platform stores funds in cold wallets, operates multi-signature vaults, is certified by ISMS, and has cyber-risk insurance. These measures put the minds of users at ease when they place precious Bitcoin on the site. It can be as simple as launching Bitcoin staking, which can introduce additional money in the ecosystem since Bitcoin is the most recognised and trusted currency in the world.

Conclusion

As Bitcoin staking is introduced, Coinone has transformed the crypto-related regulations in Korea, as it is the first domestic exchange to enable individuals to stake Bitcoin. Its daily and liquidity-friendly model, high level of security and its association with other financial services make it a pioneer in new ideas. However, the launch happens when staking plans are subject to a close examination by the regulators in terms of safety and consumer regulations. With the market evolving, this action by Coinone may trigger a new wave of competition as well as assist in the establishment of safer, more regulated methods of utilising crypto in Korea.