South Korean brokerage Kiwoom Securities is reportedly in discussions to acquire a stake in crypto exchange Bithumb, making it the latest traditional finance firm to seek a foothold in the co
South Korean brokerage Kiwoom Securities is reportedly in discussions to acquire a stake in crypto exchange Bithumb, making it the latest traditional finance firm to seek a foothold in the country’s digital asset sector ahead of sweeping regulatory changes.
According to a report by Chosun Biz published Monday, Kiwoom Securities and Bithumb are discussing a third-party allotment of new shares, a mechanism that would allow Kiwoom to acquire freshly issued Bithumb stock rather than purchasing existing shares from current holders. Cointelegraph reached out to both companies for comment on the reported talks.
