Based on Bijié Wǎng, Mirae Asset Financial Group plans to acquire a 92% stake in Korbit, South Korea's fourth-largest cryptocurrency exchange, by purchasing 60.5% from its largest shareholder NXC and 31.5% from SK Planet, the second-largest shareholder, for a total of 14 billion KRW (approximately $97 million). Korbit has a 24-hour trading volume of around $11.8 million, significantly lower than Upbit's $1.2 billion and Bithumb's $475 million. The acquisition, led by Mirae Asset Consulting, a subsidiary of Mirae Asset Financial Group, has sparked speculation that it could challenge the market dominance of Upbit and Bithumb, which control about 95% of the Korean crypto market. The founder, Park Hyun-joo, has been exploring opportunities to connect traditional finance with digital assets globally.
Mirae Asset to Acquire 92% Stake in Korbit, South Korea's Fourth-Largest Crypto Exchange
币界网Share
Summary
Mirae Asset Financial Group is set to acquire a 92% stake in Korbit, South Korea's fourth-largest crypto exchange, as part of a $97 million deal. The acquisition includes 60.5% from NXC and 31.5% from SK Planet. Korbit’s 24-hour trading volume stands at $11.8 million, trailing major players like Upbit and Bithumb. Mirae Asset Consulting, a subsidiary, is leading the move, which could shift the crypto exchange news landscape. Founder Park Hyun-joo has long focused on bridging traditional finance with digital asset news globally.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.