CryptoMedium13 August 2026
1 min read

Mirae Asset to Inject Additional $35M into Korbit Crypto Exchange

Key Facts

1Mirae Asset plans to inject an additional $35 million into the South Korean crypto exchange Korbit.
2Mirae Asset acquired 97.15% of Korbit in July for approximately $91.5 million.

In a move reflecting the growing institutional commitment to the digital asset sector, Mirae Asset is planning to inject an additional $35 million into the South Korean cryptocurrency exchange Korbit. This capital injection is aimed at strengthening the exchange's position within the regional market. According to reports, the additional funding follows the company's broader strategic roadmap for its digital finance division.

The planned investment comes shortly after Mirae Asset acquired a 97.15% stake in Korbit in July 2026. That initial acquisition was valued at approximately $91.5 million, granting Mirae Asset near-total control over the platform's operations. This follow-on capital injection demonstrates continued institutional support for the exchange following its transition to new ownership.

Looking ahead, market participants are focused on how this institutional backing will impact Korbit's competitive standing, though specific instrument prices remain unavailable as of August 13, 2026. Traders are also monitoring broader economic catalysts, such as US Initial Jobless Claims, which recently came in at 199k, and upcoming global retail data that may influence overall market sentiment toward risk assets.

Sources:theblock.co