The post Mirae Asset in Talks to Buy Korean Crypto Exchange Korbit in $100M Deal appeared on BitcoinEthereumNews.com.

South Korea’s financial giant Mirae Asset Group is negotiating to acquire Korbit, the country’s fourth-largest cryptocurrency exchange, in a deal valued between $70 million and $100 million. The potential acquisition marks another major move by traditional finance into the digital asset space. According to The Chosun Daily, Mirae Asset Consulting, a non-financial subsidiary of the Mirae Asset Group, has signed a memorandum of understanding with Korbit’s major shareholders. The deal is valued at roughly 100 billion to 140 billion Korean won. Understanding the Players Korbit holds a special place in South Korea’s crypto history. Founded in 2013, it became Korea’s first Bitcoin exchange and has maintained operations for over a decade. The platform currently holds a full operating license and maintains robust compliance infrastructure, making it an attractive target for established financial institutions seeking regulated entry into digital assets. Mirae Asset Group represents one of South Korea’s largest financial powerhouses. The company manages over $342 billion in assets globally and operates one of the world’s largest ETF platforms with more than $200 billion under management. The group has built its reputation on aggressive expansion through strategic acquisitions across multiple countries. Current Ownership Structure Korbit’s ownership is currently divided between major Korean corporate players. NXC Corporation, the holding company of gaming giant Nexon, along with its subsidiary Simple Capital Futures, controls approximately 60.5% of the exchange. SK Square, a spinoff from SK Telecom, owns an additional 31.5% stake after investing $75 million in November 2021. NXC originally acquired Korbit in 2017 for $80 million and later expanded its crypto portfolio by purchasing European exchange Bitstamp in 2018. The company has maintained its interest in digital assets despite market volatility. Market Position and Challenges While Korbit maintains historical significance and regulatory compliance, its market share remains modest. The exchange accounts for just…

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Filed under: News - @ December 28, 2025 8:13 pm