Global digital asset trading platform CrypFine said it has completed Travel Rule protocol integration and a related compliance review with Coinone, a major digital asset exchange in South Korea.

Following the review, Coinone has officially added CrypFine as a virtual asset service provider, or VASP, supported by the CODE Travel Rule solution. CODE, short for Connect Over Digital Entity, is a Travel Rule compliance infrastructure developed by Korean digital asset exchanges to facilitate secure identity and transaction data sharing between VASPs under the country's regulatory framework. CrypFine said the integration improves asset transfer capabilities between its platform and regulated virtual asset service providers in South Korea, while marking another step in the development of its compliance infrastructure for the Korean market.

According to an official announcement from Coinone, the newly added support took effect at 14:00 KST on July 20, 2026. From that time, Coinone users withdrawing virtual assets worth KRW 1 million or more to CrypFine can complete the required identity and transfer information verification through the CODE Travel Rule system. The KRW 1 million threshold aligns with South Korea's Travel Rule requirements, which mandate that VASPs collect and verify sender and recipient information for transfers at or above that amount. Users do not need to separately register an external wallet withdrawal address or apply for whitelist approval for those transfers.

Transfer Process Between Coinone and CrypFine

The Travel Rule is a key component of the anti-money laundering framework used in the virtual asset industry. Originally recommended by the Financial Action Task Force, or FATF, the global intergovernmental body that sets AML standards, the Travel Rule requires financial institutions and VASPs to exchange identifying information about parties involved in digital asset transfers above a defined threshold. With CrypFine now included in Coinone's CODE Travel Rule support scope, the two platforms can verify relevant identity and transaction information through the CODE system, enabling a more streamlined digital asset transfer process for users.

For related transactions, users must ensure that the Coinone account and the CrypFine account are owned by the same individual. The names and identity information registered on both platforms must also match. Supported assets, networks, deposit addresses and withdrawal status are subject to the real-time information displayed on the Coinone and CrypFine platform pages.

CrypFine Expands Its Korean Compliance Network

South Korea is among the more mature global markets for digital asset regulation, with clear requirements covering customer identity verification, anti-money laundering controls and cross-platform asset transfers by virtual asset service providers. The country enforced mandatory Travel Rule compliance for VASPs in 2022, requiring exchanges operating domestically to implement systems for sharing transaction data between platforms.

CrypFine said its addition to Coinone's CODE Travel Rule support scope is a new milestone in its work to build a compliant virtual asset network in South Korea. The company also said the integration further strengthens its connection with the local Korean digital asset ecosystem.

Kim, a representative of CrypFine, said: "CrypFine's inclusion in Coinone's CODE Travel Rule support scope is an important step in the platform's continued expansion of its compliant cooperation network in South Korea. This integration not only simplifies the process for eligible Coinone users to transfer virtual assets to CrypFine, but also reflects a smoother collaboration mechanism between the two parties in user identity verification, transaction information transmission and anti-money laundering risk control."

Kim added: "Going forward, CrypFine will continue to strengthen cooperation with compliant virtual asset service providers, Travel Rule infrastructure providers and compliance technology institutions in South Korea and around the world. We will continue to improve the security, transparency and convenience of cross-platform asset transfers."

Compliance and Risk Control Infrastructure

CrypFine described its integration into Coinone's CODE Travel Rule network as an important step in improving its global compliance infrastructure and deepening cooperation in the Korean market.

The platform said it will continue to expand cooperation with virtual asset service providers, Travel Rule infrastructure providers and compliance technology institutions in South Korea, as well as in other countries and regions. CrypFine also said it will keep enhancing its KYC, AML, on-chain transaction monitoring and cross-platform asset transfer capabilities, with the aim of providing global users with safer, more stable, transparent and efficient digital asset services.

About CrypFine

CrypFine is a global cryptocurrency exchange that offers spot and perpetual futures trading for major and emerging digital assets. The company describes its services as secure and efficient.

CrypFine has established a dedicated 10 million USDT risk protection fund intended to strengthen user asset security. The company says innovation, security and compliance are central to its operations, and that it is committed to building a trusted and professional global digital asset trading platform.