Mirae Asset Buys Korbit for 133.5B KRW, Pushing Deeper into Crypto

Edgen Crypto

·Feb 13 2026, 10:18

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Key Takeaways

South Korea's financial giant Mirae Asset Group is acquiring a controlling interest in the cryptocurrency exchange Korbit, marking a significant move by a traditional finance institution into the digital asset sector. This acquisition underscores growing institutional confidence in the South Korean crypto market and is poised to reshape the competitive landscape for exchanges.

Mirae Asset Group has agreed to acquire a 92.06% stake in the cryptocurrency exchange Korbit for 133.5 billion KRW (approximately $99.8 million).
The deal involves sellers such as NXC and SK Square, signaling a strategic shift for early backers of the exchange.
This acquisition by a major financial conglomerate is expected to accelerate mainstream adoption and potentially trigger further consolidation within South Korea's digital asset market.

Mirae Asset Acquires 92% of Korbit for 133.5B KRW

On February 13, South Korea's Mirae Asset Consulting, a subsidiary of financial services powerhouse Mirae Asset Group, finalized its decision to purchase a controlling 92.06% stake in the cryptocurrency exchange Korbit. The transaction is valued at 133.5 billion KRW, with the shares being acquired from prominent sellers including NXC and SK Square. This move places one of the nation's largest financial groups in direct control of its fourth-largest digital asset exchange, signaling a decisive entry into the cryptocurrency market.

Acquisition Signals Deepening Institutional Trust in Crypto

The purchase by Mirae Asset represents a landmark validation for South Korea's digital asset industry. As a respected traditional finance institution, Mirae's direct investment provides a strong signal of confidence in the long-term viability and regulatory future of cryptocurrencies in the country. The move is expected to bolster Korbit's market position against larger rivals like Upbit and Bithumb by leveraging Mirae's extensive financial expertise and resources. This event could also serve as a catalyst for further consolidation, as other traditional financial players may now feel compelled to establish a presence in the increasingly competitive crypto exchange sector.