2025-12-28 12:03:01

Korea Financial Group Future Asset is pushing forward with an important strategic layout in crypto assets. It is reported that the consulting department under Future Asset has signed a letter of intent for equity acquisition with the main shareholder of Korea's fourth-largest cryptocurrency exchange, Korbit, and both parties have officially initiated the acquisition process.

Korbit's equity structure is relatively dispersed. Currently, NXC and its subsidiaries control approximately 60.5% of the shares, becoming the largest shareholder, while SK Square holds about 31.5%. The valuation range for this acquisition is between $70 million and $100 million, with the specific transaction price still to be determined through further negotiations.

This move by Future Asset signifies the continued interest of traditional financial institutions in crypto asset trading platforms. As one of Korea's mainstream exchanges, Korbit has a certain user base and trading depth in the local market. If this deal is finalized, it will further promote the institutionalization of Korea's crypto asset market and also reflect the strategic investment direction of large financial groups in the Web3 ecosystem.

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TideReceder

· 8h ago

Traditional finance finally can't sit still anymore and has started to reach into exchanges... Now whether Korbit can survive and be acquired is still up in the air. --- Future asset operations are basically betting on the ceiling of the Korean crypto market, right? --- Paying 70 million to 100 million USD to acquire an exchange, this valuation doesn't seem very imaginative. --- It's the story of institutions entering the market again. Every time they say it's a big positive, but what happens? Retail investors are still retail investors. --- Korbit has caught the eye of conglomerates. Should small retail investors run away or buy the dip... I really can't figure it out.

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CryptoPunster

· 8h ago

Traditional finance finally can't hold back anymore and has started copying homework, haha --- Another big player is pouring money in. Are the retail investors ready to be harvested? --- Laughing to death, the institutionalization process is just another way of saying they are cutting us. --- Negotiating between 70 million and 100 million? Sounds like there's a story behind it. --- Future assets: I will manage your coins and guarantee you won't lose a single cent. --- Even the fourth-largest exchange can sell at this price, so what are you saying about the decline of crypto? --- Real gold and silver are pouring in, indicating that big capital already treats this as a money tree. --- Now I finally understand, the money we put in is just waiting for the big shots to take over. --- Institutional entry = more regulation? Forget it, it's just a different way of harvesting. --- If this deal really goes through, it will be even harder for small retail investors.

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LiquidationHunter

· 8h ago

Another traditional finance player stepping in to buy in? Is Korbit's high valuation really justified? --- Future asset operations seem to be paving the way for institutional entry. --- Wait, SK Square only 31.5%? Then how did NXC agree? There must be a story behind this. --- From 70 million to 100 million USD, it's called strategic layout in a nice way, but in a harsh way, it's just picking up bargains. --- Are Korean exchanges really that attractive? Or is fiat on-ramp too important? --- I've heard the story of traditional finance embracing crypto a hundred times, but how many actually survive? --- If this fails, it'll be another story of institutions cutting the leeks. --- Does anyone still use Korbit now? I almost forgot about this exchange. --- Institutionalization = cutting retail investors? I feel like this logic is a bit reversed.

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BetterLuckyThanSmart

· 9h ago

Traditional finance is finally starting to take our playground seriously, interesting Now Korbit might be acquired by a conglomerate, I wonder if it will become more "regulated"... Future Asset's move is decent, the institutionalization process in Korea is really picking up Valuation from 70 million to 100 million, feels like they are offering a good deal Speaking of which, true Web3 still needs to wait, these financial giants entering the market are just to cut the leeks Will liquidity improve after Korbit is acquired, or will it continue to underperform? Wait, how will NXC and SK Square split the proceeds, who actually profits from this? Again Korea, again traditional finance + crypto, I've seen this pattern too many times Is Future Asset going all-in on Web3? They have some guts By the way, is buying an exchange for 100 million USD a good deal?

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LayerZeroHero

· 9h ago

It has proven that traditional finance is more popular, and the architecture is becoming increasingly complex.

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SoliditySurvivor

· 9h ago

Traditional finance is finally starting to take our territory seriously. Interesting. --- Korbit caught someone's eye? This valuation range still feels conservative. --- Things are moving really fast here in Korea. The atmosphere is so different from that in China. --- In the future, asset entry will be like giving the market a strong boost. The institutionalization process is irreversible. --- Wait, can an exchange with such dispersed equity still sell for over 100 million dollars? --- Another story of traditional finance planning to acquire an exchange. When will we get tired of this routine? --- Basically, it's big capital making moves. Retail investors still have to watch from the sidelines. --- Institutionalization = an upgraded version of the efficiency of cutting leeks. Don't get too excited. --- The fact that Korbit is valued so highly shows that Korea's exchange ecosystem really has some skills. --- It sounds promising, but these kinds of deals usually end in failure. I choose to remain skeptical.

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