Kiwoom Securities Joins Race to Buy Bithumb Stake Before Forced Dilution Rule — Stablecoins

Kiwoom Securities Joins Race to Buy Bithumb Stake Before Forced Dilution Rule

Kiwoom Securities joins Samsung Securities, Mirae Asset, and Korea Investment & Securities in acquiring stakes in Bithumb, South Korea’s second-largest crypto exchange, as traditional finance firms position ahead of new digital asset regulations. The rush reflects regulatory pressure to cap major shareholder equity in exchanges, potentially forcing Bithumb to divest over half its current 73.56% ownership stake.