Naver's Financial to Buy South Korean Crypto Exchange Operator in $10 Billion Deal

Naver's Financial to buy South Korean crypto exchange operator in $10 billion deal

Naver acquires South Korea’s largest crypto exchange Upbit in $10.3 billion deal, reshaping country’s fintech and crypto landscape - Tech Startups

Naver is about to make the biggest crypto move in South Korea’s history, and it’s doing it with an audacious, all-stock play that could rewrite the country’s fintech future overnight. According to Bloomberg, South Korea’s internet giant has agreed to […] The post Naver acquires South Korea’s largest crypto exchange Upbit in $10.3 billion deal, reshaping country’s fintech and crypto landscape first appeared on Tech Startups.

South Korean Crypto Exchange Hit by Major Exploit Only Days After Closing $10.3B Deal

Crypto exchange Upbit has been struck by a significant security breach only days after announcing a massive 10.3 billion transaction that had briefly strengthened confidence in the platform. The exploit has shaken users and the broader crypto market, reigniting concerns about the security of even the industry’s most established exchanges. Initial investigations indicate that attackers […] The post South Korean Crypto Exchange Hit by Major Exploi…

South Korea’s Crypto Giant Upbit Sold for $10.3 Billion

Naver Financial acquires Dunamu, owner of Upbit, in a $10.3 billion stock deal. Acquisition aims to integrate digital payments and crypto services into Naver's ecosystem. Continue Reading:South Korea’s Crypto Giant Upbit Sold for $10.3 Billion The post South Korea’s Crypto Giant Upbit Sold for $10.3...

South Korean Internet Giant Naver To Absorb Crypto Exchange Upbit In $10 Billion All-Stock Deal

With the merger, Upbit and Naver are forming a single entity bridging crypto and traditional finance (TradFi).

Naver Financial to acquire Upbit operator Dunamu in a $10.3B stock-swap deal

Naver Financial will acquire Dunamu in a $10.3B stock-swap deal. The merger now awaits shareholder votes and key regulatory approvals. If successful, Upbit’s operator will become a wholly owned Naver subsidiary in 2026. Naver Financial has set the stage for one of South Korea’s largest fintech and crypto-related mergers, unveiling a stock-swap plan to fully acquire Dunamu, the company behind the country’s dominant crypto exchange, Upbit. Dunamu …