MarketPR
South Korea's Kiwoom Securities is in line to acquire a stake in Bithumb, one of the country's best-known cryptocurrency exchanges, according to reports.
The move marks a notable step by a traditional South Korean financial institution into the domestic digital-asset market, and it does not appear to be an isolated case.
A Brokerage Eyes Bithumb Kiwoom Securities, a South Korean brokerage firm, is the named acquirer in the reported transaction.
The source does not specify the size of the stake, the transaction value, or a closing timeline, so those figures remain unknown.
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