Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a deal valued at roughly $70 million to $100 million. Korbit is primarily owned by NXC and Simple Capital Futures, with a full operating license and compliance infrastructure, making it attractive to major financial groups seeking regulated exposure to digital assets.

Korbit’s share of South Korea’s crypto trading market is marginal, accounting for less than 1% of total activity. Upbit dominates with over $768 million in daily volume, followed by Bithumb at nearly $298 million and Coinone at about $135 million.

Naver Financial plans to acquire Dunamu, the operator of Upbit, through a stock-swap transaction valued at about $10.3 billion. Shareholders will vote on the transaction in May, with the share exchange scheduled for June. The deal is subject to regulatory approvals. Naver Financial plans to launch a Korean won-backed stablecoin project following the acquisition.

Read more at Cointelegraph: Mirae Asset in Talks to Buy Korean Crypto Exchange Korbit: Report