Samsung is buying a $408 million stake in South Korea’s biggest crypto exchange

CoinDesk Staff

(10:55 AM UTC)

1 min read

Samsung Securities is set to take a 2% stake in Dunamu, worth over $200 million, from affiliates of technology conglomerate Kakao.

Samsung (Shutterstock)

What to know:

Three Samsung affiliates agreed to buy 4% of Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit, from tech conglomerate Kakao.
The $408 million transaction means Kakao has now offloaded about $1.5 billion…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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