Mirae Asset announces plans to acquire Korean crypto exchange Korbit
Seoul-based financial firm Mirae Asset Financial Group is considering buying Korean cryptocurrency exchange Korbit Inc., the Korea Times reported today.
The Korean cryptocurrency market is dominated by Upbit and Bithumb, which represent over 95% of the exchange volume in the country. As the fourth-largest cryptocurrency exchange, Korbit serves as an entry point for Mirae into the cryptocurrency industry, which has traditionally focused on traditional finance since its founding in the late 1990s.
Founded in 2013, Korbit, also known as 코빗 (Ko-bit) in Korean, began as Korea’s first cryptocurrency exchange, pioneering bitcoin trading in Korean won. Although it opened the market to the local population and paved the way for…
