Bybit is reportedly considering acquiring Korbit, South Korea’s fourth-largest cryptocurrency exchange. Bybit has allegedly met with Korbit’s management to initiate the acquisition process. No official announcement has been made, but this move could help Bybit expand in Asia’s crypto market. NXC, the parent company of Nexon, owns 60.5% of Korbit.

SK Planet owns 31.5% of Korbit, which Bybit aims to acquire first. This follows Binance’s success in the Asian market, inspiring other exchanges to enter the region. Korbit has denied the rumors of being acquired by Bybit, calling them baseless.

South Korea’s Financial Services Commission released new guidelines for crypto lending services on centralized exchanges in September 2025. Interest rates for crypto lending are now capped at 20% and limited to tokens within the top 20 by market capitalization. This move aims to regulate the growing demand for crypto in the country.

South Korea’s FSC Chairman, Kim Byoung-hwan, revealed plans to accelerate cryptocurrency institutionalization in 2025. This aligns with global trends and aims to enhance investor protection. South Korea is striving to become one of the top crypto hubs in Asia, emphasizing regulatory compliance and market growth.

Read more at Yahoo Finance: Bybit Eyes South Korean Expansion with Korbit Acquisition