Mirae Asset Group is negotiating the acquisition of Korbit, South Korea's fourth-largest cryptocurrency exchange, with a valuation between 100 and 140 billion KRW ($70 million to $100 million). Mirae Asset Consulting, a subsidiary of the group, has signed a memorandum of understanding with Korbit's major shareholders, NXC and SK Square, who hold 60.5% and 31.5% stakes, respectively.
Korbit, known for its regulatory compliance, offers a strategic entry point into the digital asset market despite its trading volume being less than 1% of the top six exchanges in South Korea. This move reflects the growing interest in cryptocurrency infrastructure, as evidenced by Naver Financial's reported interest in acquiring Dunamu, another key player in the sector.
Mirae Asset Group Pursues Acquisition of Korbit for Up to $100M
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