LATEST: 🏦 South Korea’s Hana Bank has agreed to buy a 6.55% stake in Upbit operator Dunamu for about $670 million, making it the company’s fourth-largest shareholder. https://t.co/dq4rRkz3os ...

Kraken, one of the world’s oldest cryptocurrency exchanges, has cut some staff to reduce costs and may not go public as soon as initially expected due to a sharp decline in digital-asset prices https://t.co/j60pbsJMTT ...

OKX, the Second Largest Offshore Cryptocurrency Exchange, Discusses Investment in South Korea’s Third Largest Exchange CoinoneAccording to Yonhap News, OKX is discussing a joint investment with Korea Investment & Securities in Coinone, South Korea’s third largest crypto exchange. The two parties may each acquire around a 20% stake through a new share issuance structure. Coinone said it is in talks with multiple companies regarding strategic equity investment partnerships, but no final agreement has been rea ...

JUST IN: Hana Bank, one of South Korea’s largest commercial banks, acquired a $670 million stake in Dunamu, the operator of the country’s largest crypto exchange Upbit.The firms also agreed to cooperate on building infrastructure for a won-denominated stablecoin ecosystem. https://t.co/mXMFiG5NuF ...

SOUTH KOREAN BANKING GIANT BUYS $670M STAKE IN UPBIT OPERATORHana Bank acquired a $670 million stake in Dunamu, the operator of South Korea’s largest crypto exchange Upbit.Bloomberg reported the deal values the purchase at roughly 1 trillion won.Hana Bank’s board approved the acquisition of 228 million shares from Kakao Investment.Dunamu is the company behind Upbit, South Korea's largest and most traded crypto exchange. ...

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MARKETS: $XRP is the most traded asset on South Korea's @Official_Upbit with $110.9M in volume over 24 hours, surpassing $BTC and $ETH. https://t.co/mCjCOmzMuv ...

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