Crypto Lending Revives in Korea Despite Stricter Government Rules

Despite tighter oversight from South Korea’s financial authorities, leverage-driven “crypto lending” services resurface across domestic exchanges. Platforms like Upbit, Bithumb, and Coinone are reviving or reshaping the controversial products under newly issued government guidelines, signaling a cautious but notable comeback. Coinone Launches “Coin Borrowing” On Monday, Coinone, South Korea’s third-largest cryptocurrency exchange, launched its new cryptocurrency trading service, “coin lending. ” The rollout comes just two months after competitors Upbit and Bithumb introduced similar services in July source: https://beincrypto.com/crypto-lending-revives-in-korea-despite-stricter-government-rules/