Naver to Buy Top Korea Crypto Exchange in $10.3 Billion Deal
PositiveTechnology

- Naver Corp. has agreed to acquire Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange, Upbit, in an all-stock transaction valued at approximately $10.3 billion. This acquisition marks a significant move for Naver as it aims to strengthen its presence in the growing digital assets market in South Korea.
- This development is important as it positions Naver to capitalize on the expanding cryptocurrency sector, potentially enhancing its market share and influence in the technology landscape, while also reflecting the increasing integration of traditional companies into the digital finance space.
— via World Pulse Now AI Editorial System



