Korean media: Huobi may want to acquire Korean exchange Bithumb

On November 17, The bell, South Korea’s largest investment media, reported that Huobi may acquire Bithumb, South Korea’s largest virtual asset exchange.

Several domestic investment bankers said that Huobi wants to acquire Bithumb in order to conduct virtual asset business in South Korea after the implementation of the Korean Special Financial Law, and based on this, the exchange must obtain a real-name confirmation account. Currently, there are only four virtual asset exchanges in South Korea that have real-name confirmation accounts, Bithumb, Upbit, Coinone and Kobit.