Kiwoom Securities effectively halts push to acquire Bithumb stake

Kiwoom Securities’ push to acquire a stake in South Korean crypto exchange Bithumb has effectively been put on hold, Byline Network exclusively reported. A Kiwoom Securities official said the mood inside the company had shifted against continuing the effort, citing Bithumb’s complex governance structure and the growing burden tied to the transaction. Kiwoom Securities said it could not confirm the matter.