WeHub sẽ mua lại Flybit, mở rộng sang thị trường tài sản ảo

The Huoxing Finance report, according to Digital Asset, WeHub, the holding company of the largest shareholder of the Busan Digital Asset Exchange, will expand its business into virtual assets by acquiring the cryptocurrency exchange Flybit. WeHub and its largest shareholder, Yang Jae-seok, Chairman of JM Coffee Group, have agreed to this acquisition, with the transaction amount undisclosed. Upon completion of the acquisition, WeHub will hold 40% of Flybit, Yang Jae-seok will hold 25%, and Flybit’s CEO Kim Seok-jin will retain 15%. Additionally, Flybit’s market share has declined due to its inability to obtain a real-name Korean won bank account. WeHub is attracted by Flybit’s VASP license and its stable AML infrastructure; Flybit has been rated as an “excellent” operator in the financial intelligence unit’s institutional assessment. Following the acquisition, both parties plan to combine Flybit’s cryptocurrency trading infrastructure with the Busan Digital Asset Exchange’s physical asset trading capabilities to expand businesses such as stablecoins.