Samsung Units Acquire a $408 Million Stake in Upbit Operator Dunamu

Luis Blanco

(09:06 AM UTC)

1 min read

Three Samsung affiliates agreed to acquire a combined four percent stake in Dunamu, the operator of Upbit, Korea’s largest crypto exchange, for $408 million, capping a May rush by Korean financial giants.

We break down the deal, the wider buying spree, and what it means for Korea’s fast-shifting digital asset market.

What does the Samsung and Dunamu deal involve?

Samsung Securities…

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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