Korbit currently holds less than 1% of South Korea’s domestic crypto market, far behind giants Upbit and Bithumb. When asked directly about its strategy to compete, Mirae Asset stressed that the goal is not to overtake any other company or exchange, but to promote sustainable growth of the digital assets industry in South Korea.

“We intend to combine Mirae Asset’s extensive global investment expertise with Korbit’s digital asset capabilities to promote the sound and sustainable growth of the digital asset industry in Korea and globally.”

In other words, Mirae Asset isn’t trying to outdo Upbit or Bithumb, but to offer a one-stop shop that brings together institutional investment capabilities, research, education, and digital asset…