Woori Bank Displays Bitcoin Prices in Main Trading Room

  • On December 5, Woori Bank in South Korea began displaying Bitcoin prices in its main trading room in Seoul alongside won-dollar exchange rates and stock market data.
  • The move is a response to the increasing importance of digital assets in global financial markets, as stated by a bank official.
  • This action reflects a broader trend of integrating Traditional Finance (TradFi) with digital asset markets.
  • Kraken recently partnered with Deutsche Börse to facilitate trading, custody, settlement, collateral management, and tokenized assets between TradFi and crypto.
  • Hana Financial Group and Dunamu have also agreed to integrate blockchain technology into services like overseas remittances.
  • The use of Exchange Traded Funds (ETFs) is another method of bridging TradFi and crypto sectors.
  • Major firms such as Grayscale, Franklin Templeton, BlackRock, and Fidelity have issued crypto ETFs.
  • Franklin Templeton's Solana ETF started trading on the NYSE Arca platform under the ticker "SOEZ," following their XRP ETF listed as EZRP.