According to Odaily Planet Daily, Mirae Asset Consulting has acquired a majority stake in Korbit, South Korea's earliest cryptocurrency exchange, increasing its ownership to 97.15%. The total trading volume is approximately 141.4 billion won, equivalent to approximately $95 million to $102 million. The Korea Fair Trade Commission approved the transaction on July 9, 2026, deeming the acquisition unlikely to restrict competition and mentioning Korbit's estimated 0.5% market share in the South Korean cryptocurrency exchange market in 2025. Mirae Asset stated that Korbit's operating entities, user deposits, and core trading services will remain unchanged for the time being, and customer assets will be segregated and held according to existing protection rules. Korbit will be renamed Digital X. Park Hyeon-joo, founder and global strategy officer of Mirae Asset, stated that Digital X is the core of Mirae Asset's 3.0 strategy, planning to connect real-world asset tokenization, security token issuance, stablecoins, traditional securities, and digital assets on a single platform. Mirae Asset stated that Digital X is not aimed at surpassing Upbit or Bithumb in trading volume, but rather positions itself as an infrastructure platform that combines its securities and asset management background with Korbit's digital asset operations. Digital X will currently operate based on Korbit's existing licenses and user base.
Mirae Asset acquired a majority stake in Korbit for approximately $102 million, after which Korbit was renamed Digital X.
2026-07-25 20:05:58
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