South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.

Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank). The agreement that will see the two parties work together for at least another year.

Bithumb’s existing NH partnership deal is set to expire on March 24. But the renewal process now appears to be a formality. The crypto exchange said the renewal deal was now “in its final stages.”

(By Tim Alper)