Coinone has landed two major backers in a deal that underscores how aggressively South Korea’s crypto market is being absorbed into traditional finance. OKX Ventures and Korea Investment & Securities (KIS) each agreed to buy roughly a 20% stake in the exchange, a move that signals more than simple curiosity — it’s a strategic play […]
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South Korea’s biggest banks are no longer treating crypto like a weird side-hustle. Hana Bank has just approved a massive 1 trillion won investment — roughly $670 million — for a 6.55% stake in Dunamu, the company behind Upbit, the country’s dominant crypto exchange. Hana Bank approved a 6.55% stake in Dunamu The deal is […]
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US Senate Advances CLARITY Act as Korea Crypto Market Faces Transparency Gaps The U.S. Senate is moving toward a clearer crypto rulebook while South Korea’s massive retail market is exposing what happens when trading volume outruns transparency, accountability, and common sense. CLARITY Act advances: Senate Banking Committee vote of 15–9 U.S. shift: clearer rules for […]
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South Korea’s Xcoin Exchange: Rising from the Early Bitcoin Boom South Korea might not have been the epicenter of the Bitcoin frenzy in the early 2010s, but one entrepreneur, Kim Dae-sik, had the foresight to bet big on his homeland’s potential in the crypto game. With Bitcoin exploding globally, Kim launched Xcoin in January 2014, […]
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South Korean Crypto Showdown: Upbit’s Legal Victory and Bithumb’s Billion-Dollar Blunder South Korea remains a hotbed of cryptocurrency drama as two seismic events unfold, spotlighting both the regulatory tightrope and operational vulnerabilities of major exchanges. Upbit, the nation’s top crypto platform, has clinched a crucial court win against punitive sanctions, while rival Bithumb reels from […]
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South Korea Crypto Scandal: Lawmaker Favoritism and Regulatory Overreach Shake Exchanges South Korean authorities have dragged the nation’s cryptocurrency sector into a storm of controversy, with allegations of political favoritism by independent lawmaker Kim Byung-kee colliding with a heavy-handed proposal by the Financial Services Commission (FSC) to cap ownership stakes in crypto exchanges at 15%-20%. […]
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Mirae Asset Group Targets Korbit in $100 Million Deal Amid South Korea’s Cryptocurrency Shake-Up South Korea’s cryptocurrency market is heating up as Mirae Asset Group, a heavyweight in the financial sector, is reportedly in advanced talks to acquire Korbit, one of the nation’s oldest crypto exchanges, for a cool $100 million. This potential deal, spotlighted […]
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Upbit’s Iron Grip: 72% Market Share Threatens South Korea’s Crypto Diversity South Korea, a powerhouse in the global cryptocurrency arena, is witnessing a troubling trend as Upbit, the nation’s leading exchange, has clinched a staggering 71.6% of domestic trading volume in the first half of 2025. With smaller platforms gasping for air and monopoly fears […]
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