Mirae Asset completes Korbit acquisition, becomes largest shareholder
Mirae Asset Consulting has become Korbit’s largest shareholder after completing its acquisition, with the exchange saying trading and customer asset protections are unchanged.
Mirae Asset Consulting, an affiliate of one of South Korea’s largest financial groups, has completed its acquisition of a controlling stake in South Korean crypto exchange Korbit, becoming the exchange’s largest shareholder after completing regulatory procedures.
Korbit said in a Thursday announcement published on its website that its operating entity remains unchanged and that trading, deposits and withdrawals will continue without interruption.
The exchange added that customer assets remain segregated under South Korea’s Virtual Asset User Protection Act.