Coinone Withdraws Coin Collecting Service from Kakao Bank After One Week
- Service Withdrawal: Coinone's ‘Coin Collecting’ service on the Kakao Bank app was abruptly terminated after just one week, highlighting the fragility of such services under regulatory scrutiny, which may impact user trust in Coinone.
- Regulatory Impact: Industry insiders noted that it is highly unusual for a financial platform partnership service to be terminated just a week after launch, suggesting Coinone's decision may reflect a reaction to South Korea's tightening digital asset regulations, increasing uncertainty in the industry.
- User Transition Effects: Kakao Bank users must now switch to Coinone's standalone platform to continue using the Coin Collecting service, a change that could lead to user attrition and negatively affect Coinone's future partnerships.
- Industry Cautionary Tale: This incident serves as a warning for other exchanges seeking partnerships with traditional financial institutions, indicating that even well-planned integrations can be disrupted by regulatory risks, and more abrupt reversals may occur in the future.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0235 | 0.0279 | 0.032 | 0.0364 | 0.0405 | 0.0449 | 0.049 |
| Fibonacci | 0.0279 | 0.0312 | 0.0332 | 0.0364 | 0.0397 | 0.0417 | 0.0449 |
About BANK
About the author
