World · Institutional · South Korea ·
South Korea's Mirae Asset Group completes takeover of Korbit, the country's oldest crypto exchange
Mirae Asset Consulting has officially become the largest shareholder of Korbit, South Korea's first cryptocurrency exchange, after completing its acquisition. This marks the first time a major traditional Korean financial group has taken a controlling stake in a domestic crypto exchange.
Why it matters for the crypto market
A trillion-dollar traditional financial group taking control of a crypto exchange reflects growing mainstream financial interest in crypto in South Korea's heavily regulated market.
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Part of CryptoArrow World, a running map of how crypto's real-world access is widening or narrowing. Every signal, archived. Informational publication, not investment advice.