Mirae Asset’s Acquisition Move for Korbit
South Korean Mirae Asset Group’s subsidiary Mirae Asset Consulting has signed an agreement to acquire a 92.06% majority stake in the local crypto exchange Korbit. The company will acquire 26.9 million shares for 133.48 billion won (approximately 93 million USD) in cash. According to the regulatory notification, the purpose of the acquisition is to capture future growth opportunities through digital asset businesses. The board decision was made on February 5, and the transaction will be completed within seven business days after the contract conditions are met. This move could strengthen altcoin transactions in the South Korean market, such as ALT detailed analysis.
Korbit’s Financial Success and Market Position
Korbit reported 8.7 billion won in revenue and 9.8 billion won in net profit in its last fiscal year, turning from loss to profit. The exchange’s current owners, NXC and Simple Capital Futures, hold 60.5%, while SK Square holds 31.5%. Korbit, which stands out with its full operating license and compliance infrastructure, has a 24-hour trading volume of 59.9 million dollars; Upbit leads with 2.16 billion, Bithumb with 1.36 billion dollars. Mirae Asset’s entry could impact the volume of ALT futures by increasing competition.
Major South Korean exchanges. Source: CoinGecko
ALT Technical Outlook (February 15, 2026)
ALT price at $0.01 level, downtrend continues with 24h -0.67% drop. RSI 41.16 neutral, Supertrend bearish, EMA 20: $0.0093.
- Supports: S1 $0.0082 (73/100 ⭐ Strong, -7.55%), S2 $0.0088 (62/100 ⭐ Strong, -0.79%)
- Resistances: R1 $0.0092 (69/100 ⭐ Strong, +3.72%), R2 $0.0097 (63/100 ⭐ Strong, +9.36%)
Korbit consolidation could trigger volume increases in coins like ALT.
Source: https://en.coinotag.com/mirae-asset-acquires-92-of-korbit-alt-analysis
