Mirae Asset Korbit Acquisition: $97M Deal to Shake Up Crypto Market

TradFi giant Mirae Asset Financial Group is making a bold $97 million play for the crypto world. The Seoul-based group is in talks to acquire a 92% stake in Korbit, South Korea's fourth-largest cryptocurrency exchange, for as much as 140 billion won.

Mirae Asset Korbit Acquisition Strategy

This potential deal marks Mirae Asset's first direct entry into the crypto business. As a leader in asset management and investment banking, the move reflects founder Park Hyeon-joo's vision to bridge the gap between traditional finance and digital assets. Industry insiders suggest that Mirae's decades of financial expertise could help Korbit pivot from its current limited market presence to a more competitive footing.

Korbit currently ranks fourth among South Korea's six incorporated exchanges. While it's a significant player, its daily trading volume of $11.8 million still pales in comparison to industry titans like Upbit, which handles over $1.2 billion daily.

The 2025 Crypto M&A Landscape

The timing isn't a coincidence. Crypto M&A activity has hit a record $8.6 billion in 2025, fueled by shifting regulatory stances and institutional appetite. Mirae's acquisition of Korbit would be a major milestone in the convergence of Asian financial markets and blockchain technology.