Bybit Follows Binance’s Lead, Enters Talks to Acquire Korbit in South Korea

• Bybit is reportedly in early-stage discussions to acquire Korbit, one of South Korea’s four largest virtual asset exchanges.
• The move follows the FIU’s landmark approval of Binance’s acquisition of GOPAX in October, signaling a regulatory thaw.
• This trend of foreign M&A is expected to intensify the “competitive fairness” debate, as domestic banks are still banned from the sector.

Bybit is reportedly in discussions to acquire Korbit, one of South Korea’s oldest and fourth-largest virtual asset exchanges. Industry sources cited by Maeil Business Newspaper report that Bybit has held preliminary meetings with Korbit’s management, signaling early-stage negotiations.

While both firms have declined to comment, the talks are viewed within the industry as a major move by a global exchange seeking entry into South Korea’s tightly regulated market.

The ‘Binance Prece…

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