BlockBeats news, December 28, according to Cointelegraph, South Korean financial group Mirae Asset is in negotiations to acquire Korbit, the fourth-largest cryptocurrency exchange in South Korea, with a transaction valuation of approximately 100 billion to 140 billion Korean won (around $70 million to $100 million). The report states that this potential acquisition will be led by Mirae Asset Consulting, a non-financial subsidiary of the Mirae Asset Group, which has already signed a memorandum of understanding with Korbit’s major shareholders.
Public information shows that Korbit is currently held by NXC and its subsidiary Simple Capital Futures with a combined stake of about 60.5%, while SK Square holds an additional approximately 31.5%. The report notes that Korbit holds full operational licenses and a compliance system, making it attractive to large financial groups looking to enter the digital asset space in a compliant manner.
