CoinVoice has recently learned that Bithumb is once again moving forward with its plan to switch its real-name account partner bank from NH Bank to KB Kookmin Bank. The move is aimed at diversifying its customer base and narrowing the gap in market share with Upbit, South Korea’s largest exchange.
Bithumb has had a contract with Nonghyup Bank to issue real-name accounts since 2018, with renewals every six months or a year. In March this year, Bithumb also signed a six-month contract extension with Nonghyup Bank after its deal with Kookmin Bank fell through.
Industry insiders believe that the deal is more likely to be finalized this time compared to March. A financial industry insider said, "Since the contract with Nonghyup Bank expires in September, there will be no uncertainty due to the implementation of the bill because it is a new contract after the bill has been implemented." [Original link]
