A Bybit spokesperson said the talks, reported by South Korea’s Maeil Business Newspaper, are “not within our knowledge.
What to know:
- Bybit is in talks to buy South Korean crypto exchange Korbit, South Korea’s Maeil Business reported.
- In a message to CoinDesk, a Bybit spokesperson noted the report and denied knowledge of the potential acquisition.
- A lighter regulatory touch has made it easier for foreign companies to buy local exchanges; Binance recently completed its acquisition of Gopax.
Cryptocurrency exchange giant Bybit is in talks to acquire Korbit, one of the oldest crypto exchanges in South Korea, according to media reports in the country.
Bybit, the second-largest crypto exchange, met with Korbit executives, Maeil Business reported, citing sources in the virtual asset industry. Korbit told the newspaper: “We cannot comment on ongoing matters.”
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“We have noticed the market rumors regarding a potential acquisition of Korbit, but this is not within our knowledge,” a Bybit spokesperson told CoinDesk. “Please stay tuned to our official website for any future updates.”
A softening of stance by regulators in the country, such as the Korea Financial Intelligence Unit (KoFIU) and Financial Services Commission (FSC), is allowing for more foreign firms to buy local exchanges, Maeil Business said.
Binance, Bybit’s larger rival, recently completed the acquisition of South Korean crypto exchange Gopax, marking its return to the country market after clearing regulatory hurdles spanning a two-year period.
Korbit, which is headquartered in the Gangnam-gu district of Seoul, was founded in 2013. In 2017, it was acquired by Korean game developer Nexon.
BybitKorbitmergers and acquisitionsSouth Korea
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
What to know:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
The crypto treasury firm now owns 2.9% of the ETH supply and holds nearly $398 million in cash for more purchases.
What to know:
- BitMine Immersion Technologies (BMNR) purchased nearly $400 million worth of ETH over the past week.
- The firm’s total ETH holdings now exceed 3.5 million ETH, representing 2.9% of the total supply.
- BitMine remained one of the few firms that kept accumulating crypto over the past weeks amid a significant correction in the digital asset treasury sector.
