Scan to download
BTC $59,898.69 +0.39%
ETH $1,589.31 +0.94%
BNB $556.04 +0.55%
XRP $1.05 +0.35%
SOL $74.56 +3.60%
TRX $0.3196 -0.55%
DOGE $0.0725 -0.54%
ADA $0.1445 +0.36%
BCH $199.75 +4.06%
LINK $7.30 +0.18%
HYPE $65.70 +5.21%
AAVE $90.64 -2.18%
SUI $0.6944 +1.61%
XLM $0.1791 +3.36%
ZEC $400.57 +4.39%
BTC $59,898.69 +0.39%
ETH $1,589.31 +0.94%
BNB $556.04 +0.55%
XRP $1.05 +0.35%
SOL $74.56 +3.60%
TRX $0.3196 -0.55%
DOGE $0.0725 -0.54%
ADA $0.1445 +0.36%
BCH $199.75 +4.06%
LINK $7.30 +0.18%
HYPE $65.70 +5.21%
AAVE $90.64 -2.18%
SUI $0.6944 +1.61%
XLM $0.1791 +3.36%
ZEC $400.57 +4.39%

mira

All
Article
Flash

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.