The post Mirae Asset Explores Buying Korean Crypto Exchange Korbit appeared on BitcoinEthereumNews.com.

Mirae Asset Group, a South Korean multinational financial services company, is exploring a potential purchase of Korbit, Korea’s oldest crypto exchange, according to a report by The Chosun Daily. Sources say that a memorandum of understanding (MOU) has been signed between Mirae Asset Consulting and Korbit’s major shareholders. Korbit is currently 60.5% owned by NXC, the gaming company behind Nexon, and 31.5% owned by SK Square. The purchase, if it goes ahead, would come to around $70 million to $100 million. Korbit was founded in 2013 and is Korea’s fourth-largest crypto exchange. Why Would Mirae Asset Want to Buy a Crypto Exchange? Despite having a much smaller market share than other larger crypto exchanges in Korea such as Upbit and Bithumb, Korbit has a full operating licence and is available for acquisition. This makes it attractive for traditional finance firms who are looking to enter into the crypto space, without applying for their own new licence. South Korea’s laws for crypto exchanges are among the most rigorous in the world, with exchanges soon expected to follow the same rules as banks. It would be easier for Mirae to acquire an existing licence than starting a new one.  Mirae Asset Group may also believe that they can grow Korbit’s market share using their capital and traditional finance customer base. Merger & Acquisition Movement Across South Korean Crypto Exchanges Recently, there has been a move by traditional finance companies looking to purchase South Korean crypto exchanges. Upbit, Korea’s largest exchange, is currently in talks with Naver Financial over a takeover that would go ahead in 2026.  Bybit was also reportedly interested in buying Korbit in November 2025, however no further news materialised. Mirae Asset may be a better fit as they are also headquartered in South Korea whereas Bybit is mainly a Dubai based…

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Filed under: News - @ December 31, 2025 1:10 am