Naver Acquires Upbit: A New Era for South Korean Finance
Update: 2025-11-26
Description
South Koreas leading crypto exchange, Upbit, is set to be acquired by tech giant Naver Financial in a $10 billion deal. This move brings together a major player in digital assets with a leading tech company, with Dunamus leaders becoming the largest shareholders in Naver Financial. The merger focuses on stablecoins, with both companies planning to integrate digital currencies into everyday financial activities. The deal is pending approval from South Korean regulators, which could set a precedent for similar mergers globally.
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