Mirae Asset in Talks to Buy Korbit in $70M–$100M Deal

[AIcash]

Mirae Asset Group is reportedly in discussions to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a deal valued between 100 billion and 140 billion won ($70 million–$100 million).

According to local media, the talks are being led by Mirae Asset Consulting, a non-financial affiliate of the group, which has signed a memorandum of understanding with Korbit’s major shareholders. Korbit is mainly owned by NXC and Simple Capital Futures, with SK Square holding a sizable minority stake.

With a full operating license and compliance framework, Korbit could offer Mirae Asset a regulated entry point into digital assets.

[chainsniff]

more and more news about korean crypto lately never knew that its so big there