Mirae Asset Reportedly Acquiring 92% Stake in South Korean Crypto Exchange Korbit
Quick take:
- The company plans to acquire a 60.5% stake from NXC, Korbit’s largest shareholder, and another 31.5% stake from SK Planet, its second-largest shareholder.
- Korbit is South Korea’s fourth-largest cryptocurrency exchange platform by volume, with about $11.8 million 24-hour volume.
- The acquisition talks have sparked speculation that the deal could disrupt the market domination of Upbit and Bithumb in the country.
Mirae Asset Financial Group is reportedly planning to acquire a 92% stake in the cryptocurrency exchange company Korbit.
According to the report by Korea Times, the company plans to acquire a 60.5% stake from NXC, Korbit’s largest shareholder, and another 31.5% stake from SK Planet, its…
