Bybit invested $3.8 million to purchase convertible bonds from the third-largest shareholder of Bithumb to enter the South Korean market

ChainCatcher news, cryptocurrency exchange Bybit has invested 5.5 billion won (3.8 million USD) in T-Scientific, the third-largest shareholder of the South Korean crypto exchange Bithumb, in the form of convertible debt.

It is reported that T-Scientific issued 16 billion won in convertible bonds at the end of last month, and Bybit's investment accounts for one-third of T-Scientific's total issuance, aiming to further expand into the South Korean blockchain market. (CoinDesk)