South Korean financial giant Mirae Asset is considering acquiring the cryptocurrency exchange platform Korbit

BlockBeats News, December 29th. According to The Korea Times, South Korean major financial group Mirae Asset is considering acquiring the local cryptocurrency exchange platform Korbit. The news states that Mirae Asset is in negotiations to acquire approximately 92% of Korbit's equity, with the transaction valuation potentially reaching up to 140 billion Korean won (around 97 million US dollars).

Mirae Asset, headquartered in Seoul, has business operations covering asset management, wealth management, investment banking, and insurance, making it a significant player in South Korea's traditional financial sector. If the deal goes through, this will be its first direct entry into the cryptocurrency-related business.

Reports indicate that Mirae Asset's founder, Park Hyeon-joo, has repeatedly emphasized in recent years the exploration of opportunities for integrating traditional assets with digital assets. Some industry insiders have pointed out that although Korbit has a limited market presence, its years of accumulated financial experience could help drive its differentiated development.

Data shows that Korbit currently ranks fourth in terms of trading volume among the six compliant exchanges in South Korea, with a 24-hour trading volume of around 11.8 million US dollars, significantly lower than Upbit (around 1.2 billion US dollars) and Bithumb (around 475 million US dollars), and third-place Coinone with approximately 58 million US dollars.