Report: Kiwoom Securities Eyes Bithumb Stake as Korea’s TradFi-Crypto Merger Picks up Speed

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South Korea’s Kiwoom Securities is reportedly in early negotiations to buy a stake in Bithumb through a private placement of new shares, adding a major brokerage to the list of traditional financial (TradFi) firms moving into domestic crypto infrastructure. Chosunbiz first reported the discussions on Monday. Under the proposed structure, Bithumb would issue fresh shares […]