$BTC One of Asia's largest financial groups, Mirae Asset, has begun negotiations to acquire South Korean cryptocurrency exchange Korbit — the fourth largest in the country. The estimated deal value ranges from 100 billion to 140 billion South Korean won ($70–100 million). The transaction is being conducted by Mirae Asset Consulting, a non-financial subsidiary of the group. South Korean media report that it has already signed a memorandum of understanding with the main shareholders of Korbit. The controlling stake in the exchange is held by NXC (about 60.5% of the shares). The second-largest share of 31.5% is controlled by SK Square. One of Korbit's key advantages, which is the reason for the purchase, is the presence of a full operational license and a developed infrastructure that meets the requirements of the Korean authorities. For a major financial player, this opens the possibility of legally entering the digital assets market while complying with all necessary regulations, according to local media. According to CoinGecko.
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$BTC One of Asia's largest financial groups, Mirae Asset, has begun negotiations to acquire South Korean cryptocurrency exchange Korbit — the fourth largest in the country. The estimated deal value ranges from 100 billion to 140 billion South Korean won ($70–100 million). The transaction is being conducted by Mirae Asset Consulting, a non-financial subsidiary of the group. South Korean media report that it has already signed a memorandum of understanding with the main shareholders of Korbit. The controlling stake in the exchange is held by NXC (about 60.5% of the shares). The second-largest share of 31.5% is controlled by SK Square. One of Korbit's key advantages, which is the reason for the purchase, is the presence of a full operational license and a developed infrastructure that meets the requirements of the Korean authorities. For a major financial player, this opens the possibility of legally entering the digital assets market while complying with all necessary regulations, according to local media. According to CoinGecko.