Mirae Asset in Talks to Buy Korean Crypto Exchange Korbit: Report
Mirae Asset Group is reportedly in talks to acquire South Korea's fourth-largest crypto exchange, Korbit, for $70 million to $100 million.Summary
Mirae Asset Group, through its affiliate Mirae Asset Consulting, is reportedly negotiating the acquisition of Korbit, South Korea's fourth-largest cryptocurrency exchange, in a deal estimated between 100 billion to 140 billion Korean won ($70 million to $100 million). Mirae Asset Consulting has allegedly signed a memorandum of understanding with Korbit's major shareholders, which include NXC, Simple Capital Futures (holding about 60.5%), and SK Square (holding 31.5%). Korbit's full operating license and compliance infrastructure make it an appealing entry point for a major financial group into regulated digital assets, despite its small market share, accounting for less than 1% of South Korea's total crypto trading volume. The article also notes a separate major development: Naver Financial's plan to acquire Dunamu, the operator of the dominant exchange Upbit, via a stock-swap transaction valued at $10.3 billion.
(Source：Cointelegraph)