Scan to download
BTC $79,137.41 -2.63%
ETH $2,220.60 -3.08%
BNB $673.60 -0.82%
XRP $1.43 -4.87%
SOL $89.29 -3.43%
TRX $0.3515 -0.99%
DOGE $0.1131 -1.94%
ADA $0.2610 -4.15%
BCH $424.72 -2.79%
LINK $10.05 -5.04%
HYPE $44.50 +1.55%
AAVE $92.67 -6.66%
SUI $1.09 -8.00%
XLM $0.1545 -6.08%
ZEC $515.29 -3.89%
BTC $79,137.41 -2.63%
ETH $2,220.60 -3.08%
BNB $673.60 -0.82%
XRP $1.43 -4.87%
SOL $89.29 -3.43%
TRX $0.3515 -0.99%
DOGE $0.1131 -1.94%
ADA $0.2610 -4.15%
BCH $424.72 -2.79%
LINK $10.05 -5.04%
HYPE $44.50 +1.55%
AAVE $92.67 -6.66%
SUI $1.09 -8.00%
XLM $0.1545 -6.08%
ZEC $515.29 -3.89%

mira

Mirae Asset Group plans to acquire the South Korean cryptocurrency exchange Korbit for approximately $100 million

According to Cointelegraph, Mirae Asset Group is in negotiations to acquire Korbit, the fourth largest cryptocurrency exchange in South Korea, with a transaction valuation estimated at around 100 billion to 140 billion Korean won, equivalent to approximately 70 million to 100 million USD.The potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has signed a memorandum of understanding with Korbit's major shareholders. Public information shows that NXC and its subsidiary Simple Capital Futures collectively hold about 60.5% of Korbit's shares, while SK Square holds approximately 31.5%.The report points out that Korbit possesses a complete operating license and compliance system, making it attractive to large financial groups looking to enter the digital asset space in a compliant manner. However, in terms of market share, Korbit has a limited presence in the South Korean cryptocurrency trading market.Data from CoinGecko indicates that out of the approximately 1.21 billion USD in total 24-hour trading volume across six major exchanges in South Korea, Korbit only contributes about 5.75 million USD, accounting for less than 1%. In contrast, Upbit, Bithumb, and Coinone hold significant advantages. Previous reports have indicated that Naver Financial also plans to acquire Dunamu, the operator of Upbit, through a share swap, demonstrating that traditional financial and tech giants in South Korea are continuously increasing their investments in the cryptocurrency asset space.
app_icon
ChainCatcher Building the Web3 world with innovations.