Kiwoom Securities eyes stake in South Korean crypto exchange Bithumb

South Korea’s Kiwoom Securities is reportedly in early negotiations to buy a stake in Bithumb through a private placement of new shares, adding a major brokerage to the list of traditional financial (TradFi) firms moving into domestic crypto infrastructure. Chosunbiz first reported the discussions on Monday. Under the proposed structure, Bithumb would issue fresh shares […]

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Kiwoom discusses a Bithumb stake as finance and crypto partnerships accelerate. Bithumb’s IPO plans gain attention as stake talks continue with Kiwoom Securities. New crypto ownership rules could reshape Bithumb’s governance and shareholder structure. Kiwoom Securities is negotiating to acquire a stake in South Korean cryptocurrency exchange Bithumb, highlighting stronger cooperation between traditional finance and […] The post Kiwoom Securities Eyes Bithumb Stake as Crypto Alliances Heat Up appeared first on Live Bitcoin News.

Kiwoom Securities is reportedly seeking to acquire a stake in crypto exchange Bithumb, as more brokerage firms race to secure a stake in the industry ahead of the FSC’s new regulatory reforms in July.

As Kiwoom Securities considers investing in Bithumb, the nation’s second-largest cryptocurrency exchange, South Korea’s financial and digital asset industries may be getting closer. The magnitude of the investment and the stock stake are still being negotiated. The two companies are reportedly in talks over a third-party allocation of recently issued

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Kiwoom's move into crypto signals a broader trend of traditional finance firms integrating digital assets, potentially reshaping financial markets. The post Kiwoom Securities pursues stake acquisition in Bithumb appeared first on Crypto Briefing.

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