Mirae Asset has reportedly entered acquisition negotiations to purchase Korbit, one of South Korea's established crypto exchanges, with the deal potentially valued at up to $100 million. The move signals continued interest from traditional financial institutions in expanding their crypto trading infrastructure. Korbit, which has maintained operations in the Korean market for years, could gain enhanced capital backing and resources through this strategic partnership. If finalized, the transaction would mark another wave of consolidation in the Asian crypto exchange landscape, reflecting how institutional players are increasingly integrating digital asset trading into their portfolios.
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MetaverseHobo
· 16h ago
Traditional finance can no longer sit still; this time, they are targeting Korean exchanges.
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GasSavingMaster
· 16h ago
Another major exchange consolidation... The pace of traditional financial institutions entering the market hasn't slowed at all.
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BearMarketSunriser
· 16h ago
Traditional financial institutions are starting to aggressively buy up exchanges, the end of the retail investors is coming.
Mirae Asset has reportedly entered acquisition negotiations to purchase Korbit, one of South Korea's established crypto exchanges, with the deal potentially valued at up to $100 million. The move signals continued interest from traditional financial institutions in expanding their crypto trading infrastructure. Korbit, which has maintained operations in the Korean market for years, could gain enhanced capital backing and resources through this strategic partnership. If finalized, the transaction would mark another wave of consolidation in the Asian crypto exchange landscape, reflecting how institutional players are increasingly integrating digital asset trading into their portfolios.