South Korea’s “Google” Naver to Buy Upbit in Major Crypto Deal

TLDR: Naver Financial and Dunamu are preparing a full stock swap to make Upbit’s operator a wholly owned subsidiary. The deal could lead to a won-backed stablecoin launch and expansion of digital finance services across South Korea. Upbit is South Korea’s largest crypto exchange and ranks fourth worldwide by trading volume, per industry data. Both [...]

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