Scan to download
BTC $77,019.53 +2.50%
ETH $2,420.87 +2.86%
BNB $642.46 +1.01%
XRP $1.48 +1.28%
SOL $88.75 -0.42%
TRX $0.3277 +0.17%
DOGE $0.0993 -0.22%
ADA $0.2582 -0.64%
BCH $453.62 -0.45%
LINK $9.61 +0.38%
HYPE $44.47 +1.22%
AAVE $115.16 -0.01%
SUI $1.00 -0.50%
XLM $0.1741 +3.05%
ZEC $328.07 -3.27%
BTC $77,019.53 +2.50%
ETH $2,420.87 +2.86%
BNB $642.46 +1.01%
XRP $1.48 +1.28%
SOL $88.75 -0.42%
TRX $0.3277 +0.17%
DOGE $0.0993 -0.22%
ADA $0.2582 -0.64%
BCH $453.62 -0.45%
LINK $9.61 +0.38%
HYPE $44.47 +1.22%
AAVE $115.16 -0.01%
SUI $1.00 -0.50%
XLM $0.1741 +3.05%
ZEC $328.07 -3.27%

mir

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.