Mirae Asset Completes Korbit Acquisition, Emerges as Largest Shareholder
Mirae Asset Consulting has officially solidified its dominance in the South Korean digital asset landscape by completing its acquisition of a controlling stake in the Korbit crypto exchange. By navigating all regulatory hurdles, the financial giant has successfully become the exchange's largest shareholder, marking a significant milestone for institutional crypto adoption.
Korbit has reassured the market that the transition will not impact day-to-day operations, including trading, deposits, and withdrawals. Crucially, customer asset protection remains intact, with all funds segregated in strict accordance with South Korea’s Virtual Asset User Protection Act, ensuring a seamless experience for all users during this ownership shift.
In an announcement published on Thursday, Korbit stated that its operating entity remains unchanged and that trading, deposits, and withdrawals will continue without interruption. The exchange further emphasized that customer assets remain segregated under South Korea’s Virtual Asset User Protection Act, maintaining high standards of security and regulatory compliance.
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