(image: Yonhap)
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s biggest cryptocurrency exchange, Bithumb, has been sold to Singapore-based BK Global Consortium, industry insiders said Friday.
BK Global finalized its contract with the digital money exchange’s largest shareholder, BTC Korea Holdings, on Thursday to buy 50 percent plus 1 stake for 400 billion won (US$352.5 million), according to the insiders.
BTC Korea Holdings had owned a 75.99 percent stake in Bithumb.
The contract is expected to help the Singaporean entity maximize Bithumb’s know-how and potential to further develop blockchain technologies, the insiders said.
(Yonhap)
