South Korea’s finance giant Mirae Asset is making a bold $100M move to buy Korbit, one of Korea’s oldest licensed crypto exchanges. While Korbit itself is a small fish in the exchange volume rankings, its regulatory credentials and established fiat rails make it a golden ticket for banks desperate for a compliant entry into crypto. With heavyweights like Naver and Bybit muscling for position, the fight is heating up—Mirae's possible takeover signals banks are no longer dabbling but going all-in. Expect more TradFi giants using these acquisitions to park themselves at the heart of crypto’s ongoing institutional rush.
Continue to read Mirae Asset’s $100M Korbit Gamble: Why South Korean Banks Are Rushing the Crypto Gate
South Korea’s finance giant Mirae Asset is making a bold $100M move to buy Korbit, one of Korea’s oldest licensed crypto exchanges. While Korbit itself is a small fish in the exchange volume rankings, its regulatory credentials and established fiat rails make it a golden ticket for banks desperate for a compliant entry into crypto. With heavyweights like Naver and Bybit muscling for position, the fight is heating up—Mirae's possible takeover signals banks are no longer dabbling but going all-in. Expect more TradFi giants using these acquisitions to park themselves at the heart of crypto’s ongoing institutional rush.
Continue to read Mirae Asset’s $100M Korbit Gamble: Why South Korean Banks Are Rushing the Crypto Gate
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