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11/11/25 00:06 UTC-04

Bybit Considers Acquiring South Korean Platform Korbit

Trading platform Bybit is reportedly considering the acquisition of Korbit, the fourth-largest cryptocurrency exchange in South Korea. Several sources, including South Korean outlet Maeil Business, claim that representatives of the company have met with Korbit’s management to initiate the acquisition process.

No official announcement of the deal has been made yet, but the exchange could represent an opportunity for Bybit to strengthen its position in the Asian market. Its biggest competitor is also pursuing a similar goal — in October, South Korean regulators approved changes to the management structure of GOPAX, another major local exchange. This decision officially completed Binance’s acquisition of 67% of the company’s shares, a process that began in early 2023.

The South Korean market is becoming increasingly attractive to crypto firms as the country’s government encourages industry development.

Authorities have recognized that the rapid growth in demand for digital assets requires improved regulation. In September 2025, South Korea’s Financial Services Commission issued new guidelines on providing lending services on centralized cryptocurrency exchanges.

The interest rate on crypto loans in South Korea is now capped at 20%. At the same time, loans are available only for tokens within the top 20 by market capitalization and listed on at least three exchanges where the Korean won is the primary currency.

See also: "Coinbase Resumes Token Sales in the U.S. After Six-Year Hiatus"

#Bybit

Editor: Yulia Krasnaya
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