Bybit Considers Acquiring South Korea’s Korbit for Expansion

Reports suggest that Bybit is contemplating the acquisition of South Korea's fourth-largest cryptocurrency exchange, Korbit. Though unconfirmed, Bybit reportedly plans to start by acquiring SK Planet's 31.5% stake in Korbit.

Potential Acquisition Details

NXC, Nexon's parent company, owns 60.5% of Korbit.
The move could strengthen Bybit's presence in Asia’s crypto market.
Binance's recent approval for local platform ownership has influenced other exchanges to expand in Asia.

Korbit dismissed the acquisition rumors as baseless.

Regulatory Environment in South Korea

In September 2025, South Korea's Financial Services Commission (FSC) issued new guidelines for centralized cryptocurrency exchanges.
Crypto lending interest capped at 20%, limited to top 20 tokens by market capitalization.
Plans are underway to enhance cryptocurrency regulation and investor protection.