Kiwoom Securities pursues stake acquisition in Bithumb

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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.

How the convergence of crypto and private banking is opening doors in both directions.

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

South Korean brokerage Kiwoom Securities has entered negotiations to acquire a stake in cryptocurrency exchange Bithumb through a planned purchase of newly issued shares, local media reported on Monday. According to a ChosunBiz report, Kiwoom and Bithumb are discussing a…