Korbit Integrates with Mirae Asset Group, South Korea's Financial Leader

Korbit has joined Mirae Asset Group, marking a notable shift in South Korea's financial landscape. As of July 23, 2026, Mirae Asset Consulting holds a 97.15% stake in the exchange, making it the largest shareholder. This acquisition represents the first time a major traditional financial group has taken a controlling interest in a domestic crypto exchange.

Despite the change in ownership, Korbit emphasizes that its operations remain stable. All services, including trading, deposits, and withdrawals, will continue without interruption for users. The exchange operates under the protective regulations of South Korea's Act on the Protection of Virtual Asset Users, ensuring that user deposits and virtual assets remain separate from company assets.

The integration of a crypto exchange into a major financial institution illustrates an emerging trend where traditional finance is increasingly engaging with digital asset platforms. Mirae Asset Group, with its substantial assets, views owning a licensed exchange as a strategic move in a market where retail crypto trading frequently competes with stock exchanges for volume. This trend mirrors activities in the wider Asian market, where other financial entities, like Japan's SBI Group, have also pursued similar acquisitions in the crypto sector.