Mirae Asset Group Negotiates $100M Acquisition of Korbit Exchange
- Mirae Asset Group is in discussions to acquire Korbit for approximately 100 billion to 140 billion Korean won ($70 million to $100 million).
- The acquisition would be led by Mirae Asset Consulting, which has signed a memorandum of understanding with Korbit’s major shareholders.
- Korbit is primarily owned by NXC and Simple Capital Futures, holding about 60.5%, while SK Square owns an additional 31.5% stake.
- Korbit’s trading volume accounts for just $5.75 million out of approximately $1.21 billion across six South Korean exchanges.
- In comparison, Upbit leads the market with over $768 million in daily trading volume.
The potential acquisition highlights Mirae Asset’s interest in gaining regulated exposure to digital assets through an established platform like Korbit, which holds a full operating license and compliance infrastructure.
If finalized, this deal could enhance Mirae Asset’s position in the cryptocurrency market, especially given Korbit’s current trading volume represents well under one percent of total activity among South Korean exchanges.
