BitoGroup, Taiwan’s leading cryptocurrency exchange, has partnered with Far Eastern International Bank Bankee to launch the world’s first dedicated crypto-friendly bank account.

The new account allows users to seamlessly connect their Bankee account with BitoPro’s exchange platform, offering a convenient and secure way to manage both fiat and cryptocurrencies.

Developed with a focus on user experience and regulatory compliance, the account can be set up in just one hour.

“This collaboration between a leading cryptocurrency exchange and a traditional bank is a major step forward for the industry,” said Titan Cheng, Founder and CEO of BitoGroup.

“The positive feedback from the pilot phase shows a strong demand for user-friendly crypto banking solutions.”

BitoGroup believes that integrating cryptocurrency into existing financial systems is key to driving mainstream adoption.

The company’s partnership with Bankee is just one example of their commitment to innovation, alongside initiatives like BitoPay, a crypto payment solution for merchants across Taiwan.

With BitoGroup at the helm of the newly established Virtual Asset Service Provider (VASP) Association, this collaboration between crypto and traditional finance paves the way for a more regulated and trusted future for the crypto-financial system.