Hana Bank to Buy 700 Million Dollar Stake in Dunamu
South Korea's Hana Bank is acquiring a 6.55% stake in Dunamu for 1 trillion won to gain a foothold in the cryptocurrency market. The shares are being sold by a subsidiary of Kakao Corp as the operator of the Upbit exchange continues to dominate local digital asset trading volumes.
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HANA FINANCIAL GROUP will acquire a $700 million stake in Dunamu, operator of the Upbit cryptocurrency exchange. The transaction involves purchasing a 6.55% interest from KAKAO CORP in South Korea. This deal gives a major commercial lender direct exposure to a platform controlling 80% of the local crypto market.
