Kiwoom Securities reportedly in talks to acquire stake in Bithumb

Kiwoom Securities is pursuing an acquisition of a stake in Bithumb, South Korea's second-largest cryptocurrency exchange, Chosun Biz reported. Citing sources in the investment banking and crypto industries, the report stated that Kiwoom and Bithumb are negotiating a third-party allotment of new shares. Under the potential deal, Bithumb would issue new shares for Kiwoom to acquire. The exact stake percentage and investment size are reportedly still under discussion. In response, a Bithumb official said the exchange is discussing potential partnerships with various financial and corporate entities but stated that nothing has been specifically reviewed or decided.