TechFlow news, December 28 — According to Cointelegraph, Mirae Asset Group is in talks to acquire Korbit, South Korea's fourth-largest cryptocurrency exchange. The deal is valued at approximately 100–140 billion Korean won (about $70 million to $100 million). The potential acquisition would be led by Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, which has reportedly signed a memorandum of understanding with Korbit's major shareholders.
According to data from CoinGecko, Korbit still holds a negligible market share within South Korea’s cryptocurrency trading landscape compared to other local exchanges. Amid a total 24-hour trading volume of around $1.21 billion across six South Korean exchanges, Korbit’s trading volume amounts to only $5.75 million—far below 1% of the total.
In contrast, Upbit dominates the market with a daily trading volume exceeding $768 million, followed by Bithumb with nearly $298 million, and Coinone with approximately $135 million.
