Overview
- Multiple outlets on Nov. 10 reported unnamed sources saying Bybit is in advanced discussions to buy Korbit.
- Sources say any deal would start with purchasing SK Planet’s roughly 31.5% stake as a path to full control.
- Korbit’s ownership is concentrated, with NXC holding about 60.5% and SK Planet about 31.5%.
- Coverage frames the potential deal as Bybit’s bid for a regulated foothold in South Korea and broader Asia, citing Korbit’s established standing.
- The regulatory backdrop includes new FSC lending rules and an FIU approval related to Binance and GOPAX that analysts say could ease foreign ownership via local platforms.