South Korea’s Mirae Asset completes acquisition of Korbit crypto exchange

South Korea's Mirae Asset has finalized its acquisition of Korbit, the country's prominent crypto exchange, solidifying its foothold in the digital asset market. The firm also intends to raise its ownership from 92.06% to nearly 97.2%, signaling a strategic push to dominate the local cryptocurrency landscape. This move is significant as it underscores the growing institutional interest in cryptocurrency infrastructure, reflecting broader trends of financial institutions increasingly recognizing and investing in digital currencies.