Bybit Eyes South Korean Expansion with Korbit Acquisition

It is rumored that Bybit is considering the acquisition of Korbit, South Korea’s fourth-largest cryptocurrency exchange. Some sources assertion that Bybit has met with Korbit’s absorption to statesman the acquisition process.

Though nary authoritative announcement has been made concerning the acquisition, it could service arsenic an avenue for the planetary speech to grow its roots successful Asia’s crypto market. Noteworthy, NXC, the genitor institution of Nexon, owns astir 60.5% of Korbit.

Another 31.5% is nether the ownership of SK Planet, and this is wherever Bybit intends to start. The sources acquainted with the substance stated the speech volition kickstart the woody by archetypal taking up SK’s involvement earlier moving connected to afloat ownership. It is worthy noting that Binance’s enlargement successful the Asian marketplace has played a important relation successful encouraging different exchanges to participate the region.

For context, Binance precocious received support from the Financial Intelligence Unit for the replacement of GOPAX executives. This favorable motion efficaciously allows overseas exchanges to ain section platforms successful the region. In the meantime, Korbit told BloomingBit that the Bybit acquisition is simply a baseless rumor.

In September 2025, South Korea’s Financial Services Commission (FSC) released caller guidelines for lending services connected centralized cryptocurrency exchanges (CEXs). The authorities successful the portion realized that arsenic request for crypto spiked successful the country, it was indispensable to amended regularisation arsenic well.

Crypto lending involvement successful South Korea is present capped astatine 20%. Meanwhile, lending is constricted to lone tokens wrong the apical 20 by marketplace capitalization and listed connected astatine slightest 3 won-based exchanges.

At the opening of 2025, Kim Byoung-hwan, Chairman of the FSC, revealed plans to accelerate cryptocurrency institutionalization. This demonstrated a stronger committedness to capitalist extortion portion staying successful enactment with planetary trends. South Korea is evidently moving its value to go 1 of the apical crypto hubs successful Asia.

Read archetypal communicative Bybit Eyes South Korean Expansion with Korbit Acquisition by Godfrey Benjamin astatine Coinspeaker.com