One of Asia’s largest financial groups plans to acquire a Korean crypto exchange

The deal is being carried out 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 (approximately 60.5% of shares). The second-largest stake, 31.5%, is controlled by SK Square.

One of Korbit’s key advantages, which is the reason for the acquisition, is the presence of a full operational license and a well-developed infrastructure that complies with the requirements of the authorities of the Republic of Korea. For a large financial player, this opens the opportunity for a legal entry into the digital asset market while complying with all necessary regulations, local media report.

According to CoinGecko, Korbit’s share of the South Korean crypto trading market remains relatively small compared to competitors. With a total daily trading volume across six Korean exchanges reaching about $1.21 billion, Korbit accounts for only $5.75 million — less than 1% of total turnover. The leader remains Upbit with a daily trading volume exceeding $768 million. It is followed by Bithumb with around $298 million, while Coinone takes third place with $135 million.

Mirae Asset is a South Korean investment group, one of whose main assets is the asset management company Mirae Asset Securities. Mirae Asset Group is also the founder of the insurance company Mirae Asset Life Insurance.

South Korean authorities are preparing to introduce updated requirements for cryptocurrency exchanges. Under the new changes, trading platforms will be required to compensate clients for incurred losses — even in situations where the exchange itself is not the party at fault. This principle currently applies to banks and electronic payment services in the country.

See also: "The Volume of Deals in the Crypto Industry in 2025 Has Been Revealed"

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