- Coinone will launch Korea's first Bitcoin staking, allowing users to gain flexibility in earning baby tokens.
- Investors may bet BTC at any time during the period without lock-up, deposit or withdrawal.
- Bitplanet formed South Korea's first Bitcoin Treasury Ministry, and has quickly pledged to buy $40 million.
Coinone, a prominent Korean exchange, has announced its first choice to bet Bitcoin in the country. The service, announced on Friday, allows users to earn rewards while allowing them to access coins. Built on the Babylonian protocol to ensure decentralized networks, the launch reflects both market innovations and national innovations that accelerate the adoption of Bitcoin.
The service allows investors to bet Bitcoin while maintaining full access to their holdings. The reward comes in the form of Baby Token, a native Babylonian asset. Unlike standard staking systems, users can add, remove or trade Bitcoin at any time during the process, providing flexibility that is rarely available with similar products.
Coinone CEO Lee Seong-Hyun said the product reflects the global trend towards holding Bitcoin for the long term. He emphasized that investors are looking for safe options that also provide passive income. He described the service as a step towards coordinating it with international investment practices.
Networks work with work proof, not proof of proof. Coinone's services use Babylon, allowing users to delegate Bitcoin to a staking compartmentable chain. This will provide rewards in the form of tokens, keeping you access to the original Bitcoin Holding.
Bitplanet leads the move of South Korea's $40 million Bitcoin Treasury
South Korea has witnessed an institutional expansion. During Bitcoin Asia 2025, a new financial company named Bitplanet was introduced. The company is planning to deploy $40 million to Bitcoin as the country's first Corporate Treasury Allocation.
BitPlanet was founded after gaining 62% control over SGA, a company that is open to Costock. The company plans to complete the rebrand within two weeks and invest in $40 million in Bitcoin. Allocation is carried out without debt, creating a simple and stable financial structure.
Paul Lee, co-founder and managing partner of Lobo Ventures, confirmed the initiative. He emphasized avoiding leverage and supporting stable, long-term growth, and said that the framework would emphasise Bitplanet's greater adaptability in the management of the Treasury.
Bitplanet's debut reflects the growing embrace of Bitcoin in Korea. Along with Coinone's retail-centric staking products, the market currently covers both institutional and personal strategies. Dual development reinforces the growing role of assets in the country's financial landscape.
Related: Ethereum hits record highs as demand surges in Japan and South Korea
FSC cracks down on dangerous crypto lending
Regulators have begun cracking down on high-risk loans. The Financial Services Commission has directed the national exchange to suspend crypto loan programs until a formal regulatory framework has been established.
Crypto Lending spiked in early July. Upbit has introduced a product that allows users to acquire up to 80% deposits in WON or digital currency. We accepted Tether (USDT), Bitcoin and XRP as collateral. Bithumb then offered a loan of four times the user balance. Similar loan products were quickly rolled out by other Korean exchanges.
The Financial Services Commission (FSC) reported that 27,600 investors borrowed 1.5 trillion won ($1.1 billion) in the first month of the program. Regulators noted that the lending scheme was operating in unregulated zones.
The crackdown occurs when authorities prepare for wider reforms. Authorities are relaxing restrictions on institutional transactions. They are also reviewing approval for Korea's first spot, Crypto ETF. This shows efforts to expand recruitment while maintaining tighter surveillance.
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