CRYPTO BANK Announces Mobile Application Update And Cancellation Of Existing Acquisition

CRYPTO BANK, a virtual asset total financial solution, announced that it has updated its mobile application. It is possible to check the status of virtual assets through exchange API linkage. Currently, it supports linking with Binance, Huobi, and Coinone, and plans to add support for continuous linking with major exchanges in the future.

In addition, the merchant recommendation function has been added. This is a promotion to secure more active platform users and expand usage, and a portion of the fees paid by users will be paid as a reward to affiliates registered as recommenders.

Meanwhile, CRYPTO BANK Foundation CBNK Ltd. has announced that it has decided to cancel its existing acquisition of the TMTG and LBXC since the virtual asset market is unstable and rapidly changing at this point. As a result, mid- to long-term buyback and incineration policies that reduce distribution volume of TMTG and LBXC by up to 50% compared to issuance volume will also be canceled. CBNK Ltd. said it expects each project to focus more on developing its own platform and commercializing its services with the cancellation of the acquisition.

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