Coinone Takes a Step Back to the Future

In a twist worthy of a blockbuster movie plot, Coinone, one of South Korea’s leading cryptocurrency exchanges, has swung its doors back open to the public. Nestled in the bustling capital of Seoul, their offline customer center, initially inaugurated in September 2017, had been closed for a while. The reason? Focus on other ventures. But let’s be honest: what’s a cryptocurrency platform without some good ol’ face-to-face interaction?

The Comeback is Real

Fast forward to the beginning of this year and the scene has drastically changed. With user registrations skyrocketing 20-fold in the first quarter, Coinone swiftly decided to bring back offline services. By the end of this month, the old girl is expected to boast nearly 2 million users—yes, you heard that right! That’s almost enough people to fill the entire city of Los Angeles!

Doubling Down on Customer Support

Not stopping at just reopening their customer center, Coinone is doubling its workforce. That’s right—they’re planning to add more staff to handle the influx of inquiries from what appears to be a whole new generation of crypto enthusiasts. You can practically hear the cheers and sighs of relief from new customers finally getting that human touch in a sea of digital transactions.

The Offline Movement: Razmataz or Reality?

The trend of reopening offline centers isn’t just Coinone’s solo act. Bithumb, the country’s second-largest exchange (and not without its own share of drama), opened its doors to customers earlier this week. Korbit seems to be contemplating a similar comeback. It’s like a reunion tour for these exchanges—who needs a band when you have Bitcoin?

Crypto Market is Buzzing

All this offline action is a mirror reflecting the exuberant atmosphere within the South Korean cryptocurrency market. Bitcoin has frolicked back into the limelight, trading at a renewed ‘Kimchi premium’ and reaching new yearly heights. It’s as if Bitcoin is wearing bell bottoms and sporting a disco ball for good measure!

Sarcastic Yet Sweet Predictions

The buzz doesn’t stop there. Analysts speculate that Kakao, the tech giant with a finger in various crypto pies, is primed to enjoy the windfall of this cryptocurrency bull market. With stakes in various exchange operators, their future looks as bright as a sunny day in May. Who knew crypto could benefit a realm as diverse as stocks and tech?