Scan to download
BTC $74,093.99 +0.77%
ETH $2,029.71 +0.57%
BNB $724.66 +12.03%
XRP $1.34 -1.43%
SOL $83.01 +0.41%
TRX $0.3463 +0.63%
DOGE $0.1009 +0.46%
ADA $0.2367 +0.35%
BCH $303.74 -0.13%
LINK $9.25 +0.97%
HYPE $69.28 +5.63%
AAVE $83.10 -0.61%
SUI $0.9157 +0.39%
XLM $0.2295 -14.31%
ZEC $541.34 +1.34%
BTC $74,093.99 +0.77%
ETH $2,029.71 +0.57%
BNB $724.66 +12.03%
XRP $1.34 -1.43%
SOL $83.01 +0.41%
TRX $0.3463 +0.63%
DOGE $0.1009 +0.46%
ADA $0.2367 +0.35%
BCH $303.74 -0.13%
LINK $9.25 +0.97%
HYPE $69.28 +5.63%
AAVE $83.10 -0.61%
SUI $0.9157 +0.39%
XLM $0.2295 -14.31%
ZEC $541.34 +1.34%

mira

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.