Mirae Asset Buys Controlling Stake in Korbit for $91 Million

Mirae Asset Consulting has completed its acquisition of a controlling stake in Korbit, one of South Korea's five won-based crypto exchanges.

The transaction, worth 133.48 billion won ($91 million), sees Mirae Asset become the exchange's largest shareholder after regulatory procedures were finalized.

Korbit assured users that trading, deposits, and withdrawals would continue uninterrupted, with customer assets remaining segregated under South Korea's Virtual Asset User Protection Act.

The acquisition aims to expand Mirae Asset into digital asset businesses, with Korbit generating revenue mainly from trading fees in the world's most active retail crypto market.