Mirae Asset finalizes acquisition of Korbit crypto exchange

Mirae Asset Financial Group has completed its acquisition of South Korean cryptocurrency exchange Korbit, marking a significant entry by a major traditional financial institution into the country's regulated digital asset market. The deal, finalized on July 23, 2026, positions Mirae Asset Consulting, an affiliate of the financial group, as Korbit's largest shareholder and paves the way for its stake to rise to over 97%.

The acquisition received approval from South Korea's Fair Trade Commission earlier this month, with the regulator noting it was the first case of an affiliate of a traditional financial group acquiring a domestic cryptocurrency exchange. Mirae Asset Consulting has stated the move is intended to secure future growth opportunities built around digital assets.

A revised regulatory filing submitted on Tuesday, July 21, detailed plans for Mirae Asset to purchase an additional 7.35 million Korbit shares for approximately 7.2 billion won ($5.32 million). This transaction, scheduled for completion on Friday, July 24, will increase Mirae Asset's ownership from 92.06% to 97.15%. Korbit has assured its users that the change in ownership will not affect day-to-day...