Number of new South Korean Bitcoin bank accounts "have increased remarkably"

posted 5 months ago
A staffer at Bithumb’s bank partner has complained of having to work overtime because so many South Koreans keep wanting to open a Bitcoin account at the crypto exchange. “This week’s new subscribers have been increasing, and I’ve been working hard to find my way out of the office during work hours,” an NH Bank staff member in Seoul city center said.

He added that the number of visitors who want to open a new crypto account has increased remarkably. In South Korea people have to physically go to the bank and open a crypto account that can then be used to sign up with Bithumb or other South Korean crypto exchanges. Trading volumes have also increased considerably in South Korea with CryptoCompare stating monthly volumes increased by 85% for April.
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