17 hours ago
The woody would bring Upbit's genitor Dunamu nether the umbrella of Naver Financial.
Sep 25, 2025, 4:34 a.m.
South Korean crypto speech Upbit is astir to beryllium acquired by net elephantine Naver, according to a report.
The woody would bring Upbit's genitor Dunamu nether the umbrella of Naver Financial, making Dunamu a afloat subsidiary of Naver's fiscal arm, the study said.
Upbit is 1 of the largest crypto exchanges successful the crypto affable country, portion Naver operates aggregate net based services successful South Korea, including Naver Pay.
The woody is apt to beryllium a banal swap woody with Naver Financial issuing caller shares successful the crypto speech for Dunamu's existent shares, the study added.
Shares of Naver jumped implicit 7% to korean won 246,000 ($175) aft reports of the Upbit acquisition came out.
Reports of the woody travel successful the aftermath up of the South Korean authorities pushing to found a model for won-pegged stablecoins successful the country.
Naver and Dunamu were not instantly disposable for comment.
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