Mirae Asset to Acquire Korbit for $93M Amid Tightening Crypto Regulations in South Korea
The post Mirae Asset to Acquire Korbit for $93M Amid Tightening Crypto Regulations in South Korea appeared on BitcoinEthereumNews.com.
Mirae Asset Group, a leading financial platform in South Korea, has announced the agreement to purchase Korbit, a prominent crypto exchange. Particularly, Mirae Asset Group is acquiring a total 92% stake in Korbit in return for $93M. As per the data from CoinMarketCap, this deal marks a key institutional development in regulated digital assets. Hence, the buyout underscores an exclusive momentum among renowned traditional finance giants looking for compliant exposure to crypto in a year marked by strict oversight. LATEST: 💰 South Korean financial giant Mirae Asset has agreed to buy a 92% stake in crypto exchange Korbit for $93 million in cash to secure digital asset growth drivers. pic.twitter.com/WyLHPOC19M — CoinMarketCap (@CoinMarketCap) February 16, 2026 Mirae Asset Group Expands Regulated Crypto Exposure via 92% Korbit Stake With 92% Korbit stake for $93M, Mirae Asset Group is broadening its crypto exposure in a compliant environment. The platform aims to cash out the benefits of the digital asset expansion drivers of Korbit via this acquisition. The company’s executives deem this move to be a critical update to open exclusive revenue channels while also advancing product innovation in the case trading and wealth management services. Thus, the strategy underscores a wider institutional push to be a part of regulated cryptocurrency markets. At the same time, it also focuses on sustaining internal control benchmarks that reflect conventional finance. When it comes to investors, the endeavor serves as a rare optimistic catalyst at a time when every week is witnessing significant volatility in the market. Institutional Agreements Set to Redefine Crypto Landscape in South Korea Amid Stringent Regulation Particularly, regulatory pressure has been rising after recent operational events and compliance reviews. Additionally, the Financial Services Commission has disclosed that the impending policy will implement mandatory 3rd-party audits and internal control regulations. The respective measures…
Filed under: News - @ February 17, 2026 10:22 am