Mirae Asset Group is in talks to amass Korbit, South Korea’s fourth-largest cryptocurrency alternate, in a deal valued at roughly 100 billion to 140 billion Korean gained ($70 million to $100 million).
The potential acquisition can be led by Mirae Asset Consulting, a non-financial affiliate of the group, which has reportedly signed a memorandum of understanding with Korbit’s main shareholders, in response to a Sunday report from The Chosun Day by day.
Korbit is primarily owned by NXC and its subsidiary Easy Capital Futures, which collectively maintain about 60.5% of the alternate. SK Sq. owns a further 31.5% stake.
Korbit holds a full working license and compliance infrastructure, which might make it a horny entry level for a significant monetary group in search of regulated publicity to digital belongings.
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Korbit’s crypto buying and selling quantity
In accordance with CoinGecko information, Korbit’s share of South Korea’s crypto buying and selling market stays marginal in contrast with its home friends. Of the roughly $1.21 billion in complete 24-hour buying and selling quantity throughout six Korea-based exchanges, Korbit accounted for simply $5.75 million, or effectively underneath 1% of complete exercise.
Against this, Upbit dominated the market with greater than $768 million in day by day quantity, adopted by Bithumb at practically $298 million and Coinone at about $135 million.
Prime Korean crypto exchanges. Supply: CoinGecko.
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Naver strikes to amass Upbit operator Dunamu
As Cointelegraph reported, Naver Monetary plans to amass Dunamu, the operator of Upbit, by means of a stock-swap transaction valued at about 15.1 trillion gained ($10.3 billion). Beneath the deal, Naver Monetary will concern 87.56 million new shares to Dunamu shareholders, making Dunamu an entirely owned subsidiary.
Shareholders of each companies will vote on the transaction on Might 22, 2026, with the share alternate scheduled for June 30. The deal stays topic to regulatory approvals.
Naver Monetary’s plan to amass Dunamu was first revealed in September. On the time, it was reported that Naver Monetary would launch a Korean won-backed stablecoin undertaking, together with different digital finance initiatives, following the acquisition.
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