Korbit Set to Rebrand as Digital X Under Mirae in Major Strategic Shift
TL;DR
- Mirae Asset completed the acquisition of 97.15% of Korbit, South Korea’s oldest cryptocurrency exchange, and will rebrand it as Digital X.
- The company seeks to build an ecosystem that integrates real-world assets, STOs, stablecoins and digital assets into a single platform.
- Despite controlling less than 1% of the Korean market, Mirae is not aiming to surpass Upbit or Bithumb, but to position itself as institutional infrastructure.
Mirae Asset, one of Asia’s largest independent financial groups with assets under management exceeding one trillion dollars, completed the acquisition of 97.15% of Korbit, the oldest cryptocurrency exchange in South Korea.
The transaction received regulatory approval from the country’s Fair Trade Commission, and the company already announced the rebranding of the platform under the name Digital X, where the “X” symbolizes an uncharted future and the unlimited possibilities that emerge when different forms of value intersect.
Korbit Will Become Infrastructure
Mirae Asset’s ambition goes far beyond a facelift. The group announced plans to develop Digital X as a “smart investment platform” where investment knowledge, information and analysis are organically connected.
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