"Trade Virtual Assets Without Errors"... Korbit Implements Dualization of Korean Won Deposit and Withdrawal System

Korbit, the nation's first virtual asset exchange, announced on the 16th that it has completed the industry's first dualization of its Korean won deposit and withdrawal system.

This dualization project involved diversifying the intermediary firm banking network that connects Shinhan Bank, which issues real-name deposit and withdrawal accounts, with Korbit. In addition to the existing Hecto Financial system, Korbit integrated the system of Thezen, a financial IT solutions company, to establish a stable Korean won deposit and withdrawal infrastructure.

Through this system, Korbit can now provide Korean won deposit and withdrawal services via another firm banking network even if an issue occurs with one. This ensures that users can invest smoothly at their desired timing in the highly volatile virtual asset market. Previously, there were issues where Korean won deposits and withdrawals were temporarily restricted during system maintenance or unexpected disruptions at a specific firm banking solutions provider.

Jungwoo Lee, Chief Technology Officer (CTO) of Korbit, said, "The dualization of the Korean won deposit and withdrawal system is a proactive measure to minimize inconvenience for users and provide a stable investment environment, even in the event of unforeseen disruptions." He added, "We will continue to pursue technological innovation to further enhance investor protection and system stability."

This content was produced with the assistance of AI translation services.