Bithumb Changes KRW Deposit and Withdrawal Bank to KB Kookmin Bank Starting March 24

The domestic virtual asset (cryptocurrency) exchange Bithumb announced that it will change its KRW deposit and withdrawal partner bank to KB Kookmin Bank starting at 11 a.m. on March 24.

Bithumb had previously disclosed plans to change its partner bank in March this year, following a six-month contract extension with its existing partner bank, NH Nonghyup Bank, last September.

In the meantime, Bithumb has been working on a change contract with KB Kookmin Bank and has been cooperating with financial authorities and banks to ensure a stable service transition, undergoing sufficient preparation processes.

Pre-registration for linking KB Kookmin Bank accounts will begin at 9 a.m. on January 20, and related details and procedures will be announced through a separate notice. To smoothly use the service after 11 a.m. on March 24, separate procedures such as new bank account registration are required.

When opening a new KB Kookmin Bank account, be aware of the restriction on opening multiple accounts in a short period. If there is a history of opening an account at another bank recently, a period of 20 business days must pass from the date of account opening to open a new KB Kookmin Bank account.

Lee Jae-won, CEO of Bithumb, expressed his gratitude to NH Nonghyup Bank for their long-standing partnership, stating, "We have thoroughly prepared to provide stable services to users by closely cooperating with financial authorities and banks. We will do our best to ensure that the virtual asset market can grow healthily and stably in the future."