In a significant move for the digital asset industry, South Korean financial services powerhouse Mirae Asset has reportedly acquired a 92% stake in Korbit, one of the country’s pioneer cryptocurrency exchanges. This acquisition marks a major strategic shift as traditional financial institutions continue to integrate with the blockchain sector. Korbit, known for being the first bitcoin exchange in South Korea, provides Mirae Asset with a robust platform to expand its fintech capabilities and digital asset management services. Industry experts view this multi-million dollar deal as a signal of increasing institutional confidence in the regulated crypto market, potentially paving the way for more traditional firms to enter the space.
Source: South Korean financial giant Mirae Asset buys 92% stake in Korbit crypto exchange
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