South Korean exchange Upbit will pause Cosmos ATOM deposits and withdrawals from May 20 to support a network upgrade. Upbit announced the temporary halt via an official notice to users, stating the pause begins at 6:00 a.m. UTC on May…
The post Korea Investment And OKX In Talks To Acquire Stakes In South Korean Exchange Coinone appeared on BitcoinEthereumNews.com.
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Home Crypto News Korea Investment and OKX in Talks to Acquire Stakes in South Korean Exchange Coinone
Source: https://bitcoinworld.co.in/korea-investment-okx-coinone-stake-talks/
The post XRP Tops on Upbit as South Korea’s “Big 4” to Acquire $670M Stake in Dunamu appeared on BitcoinEthereumNews.com.
Hana Financial Group on Friday said it will acquire a 1 trillion won ($670 million) stake in Dunamu, operator of South Korea’s largest crypto exchange Upbit, through its subsidiary Hana Bank, South Korea’s “Big 4” bank. XRP surpasses BTC in trading volume on XRP Upbit amid the major announcement. South Korea’s Hana Bank to Buy $670 Million Stake in Upbit Operator Dunamu South Korea’s Hana Financial Group on May 15 decided to buy a stake in the country’s top crypto exchange operator Dunamu for 1 trillion won ($670 million). It marks the largest-ever investment by a bank into a crypto exchange operator. On the same day, Hana Bank’s board of directors resolved to acquire 2,284,000 shares of Dunamu held by Kakao Investment. With the acquisition, Hana Bank will secure its position as the fourth-largest shareholder with a 6.55% stake in Dunamu. “This equity investment is
The deal signifies a pivotal shift in South Korea's financial landscape, highlighting increased institutional acceptance of digital assets.
The post Upbit operator Dunamu lands Hana Bank as fourth-largest shareholder in $670 million deal appeared first on Crypto Briefing.
The post Bitcoin Exchange Upbit Announces It Will Delist This Altcoin from Its Spot Trading Platform! Here Are the Details appeared on BitcoinEthereumNews.com.
Bitcoin Exchange Upbit Announces It Will Delist This Altcoin from Its Spot Trading Platform! Here Are the Details – Bitcoin Sistemi
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The post Upbit Lists Superform (UP2) With KRW, BTC, USDT Pairs — Exchange Bets on Chain Abstraction in Korea appeared on BitcoinEthereumNews.com.
New token listings on major Korean exchanges rarely pass without market attention — and when it’s Upbit, the country’s largest platform by volume, the move often sets a short-term price narrative. This time, it’s Superform (UP2), a project branding itself as a “user-owned neobank,” according to a market update. Trading goes live May 14 at 20:30 local time with three base pairs: KRW, BTC, and USDT. The decision to open with Bitcoin and Tether quotes beside the won is itself worth decoding. It tells a story about who Upbit expects to trade UP2 — and why abstraction projects are starting to matter to exchange liquidity desks. Superform describes itself as a neobank that abstracts multi-chain complexity. Instead of forcing users to switch networks to manage assets across Ethereum, Arbitrum, or Optimism, the protocol aggregates balances and lets t
The post Upbit To Temporarily Halt ATOM Deposits And Withdrawals For Cosmos Network Upgrade appeared on BitcoinEthereumNews.com.
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Source: https://bitcoinworld.co.in/upbit-suspends-atom-deposits-withdrawals-cosmos-upgrade/