Mirae Asset agrees to buy 92% stake in Korean exchange Korbit for $93M

CoinTelegraph

by Amin Haqshanas

February 15, 2026

AI-Generated Deep Dive Summary

Mirae Asset Consulting has agreed to acquire a 92.06% controlling stake in South Korean cryptocurrency exchange Korbit for approximately $93 million, marking a significant move into the digital asset space. The deal involves purchasing 26.9 million shares of Korbit for 133.48 billion won ($93 million), which will be paid entirely in cash. This acquisition is part of Mirae Asset Group's strategy to identify future growth opportunities through virtual-asset businesses, as stated in a regulatory filing. Mirae Asset Consulting, an affiliate of the South Korean multinational financial services company Mirae Asset Group, has long been exploring expansion into digital assets. The purchase of a majority stake in Korbit positions the firm as a key player in the local cryptocurrency exchange market, which has seen growing interest and adoption in recent years. The deal was approved by Mirae Asset's board on February 5 and is expected to solidify its presence in the blockchain and crypto sector. The move comes amid increasing regulatory clarity and institutional acceptance of cryptocurrencies in South Korea. By acquiring a controlling stake in Korbit, Mirae Asset aims to leverage the exchange's existing infrastructure and user base while expanding its own offerings into digital assets. This strategic play aligns with global trends where traditional financial institutions are integrating blockchain and crypto technologies to stay competitive. For Korbit, the deal represents a significant inflection point. As one of South Korea's earliest cryptocurrency exchanges, Korbit has been navigating a highly competitive market. The infusion of capital from Mirae Asset could enhance its operational capabilities, potentially leading to improved services, security measures, and innovation in blockchain-based trading solutions. This acquisition underscores the growing convergence between traditional finance (TradFi) and decentralized finance (DeFi). By securing a majority stake in Korbit, Mirae Asset is not only tapping into the lucrative crypto market but also positioning itself as a key driver of digital asset adoption in South Korea. The deal highlights the increasing willingness of established financial institutions to embrace

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Originally published on CoinTelegraph on 2/15/2026