Mirae Asset To Acquire Korbit For $93M Amid Tightening Crypto Regulations In South Korea

Mirae Asset to Acquire 92% Stake in Korbit

South Korean financial giant Mirae Asset Group has officially moved to acquire a controlling 92.06% stake in Korbit, one of the country’s "Big Five" cryptocurrency exchanges.According to regulatory filings released on February 13, Mirae Asset Consulting, an affiliate of the group, will acquire 26.91 million shares of Korbit for KRW 133.5 billion ($92.6 million).The acquisition involves a sweep of shares previously held by Korbit’s major backers …

Mirae Asset To Acquire Korbit For $93M Amid Tightening Crypto Regulations In South Korea

Mirae Asset Group, a leading financial platform in South Korea, has announced the agreement to purchase Korbit, a prominent crypto exchange. Particularly, Mirae Asset Group is acquiring a total 92% stake in Korbit in return for $93M. As per the data from CoinMarketCap, this deal marks a key institutional development in regulated digital assets. Hence, the buyout underscores an exclusive momentum among renowned traditional finance giants looking …