Korean Broker to Buy 6.15% Stake of Upbit's Parent Company
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South Korean brokerage giant Hanwha Investment and Securities will purchase 6.15% of Dunamu, an operator of crypto exchange Upbit, for $52.2 million, The Korea Herald has learned. The investment will reportedly be made on February 22.

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A Dunamu spokesperson told the media, that the company is now focusing on developing more digital services.

"Since Dunamu already has a high-skilled innovative finance service, we decided to cooperate with the financial technology firm," the spokesperson added.

The acquisition of the shares is "a mid- to long-term investment" for the broker, the company's representative emphasized. Previously, Upbit announced the expansion of its services in Thailand with a new branch.

Binance Freezes Cryptos Stolen from Upbit

The crypto trading platform has entered the Thai market at an opportune time, as Bitkub, the country's largest exchange, was blocked by the country's regulators.

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