Naver plans to acquire stakes in South Korea's largest exchange.
South Korea's largest internet company has begun negotiations to acquire shares in the exchange Bithumb with Vidente.
Naver– is the developer of a popular game in Koreasearch engine and messenger Line. According to Maeil Business, the company also plans to add Bitcoin support to its payment app Naver Pay (Line Pay for Japan and the US).
About 10 firms want to buy a stake in Bithumb, including the largest US investment bank Morgan Stanley.
The Korea Times reports that Deutsche Bank, JPMorgan and Visa are also considering investing in the exchange.
Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies
Based on materialscointelegraph.com
Read this:
Bithumb sues South Korean tax authority
South Korean Internal Revenue Service Provides $ 68.9 Million Extra Bill to Bithumb Exchange
Huobi plans to buy crypto exchanges Bithumb and Bitflyer
Bithumb to close Seoul office amid coronavirus outbreak
Gaming giant Nexon prepares to buy Bithumb
Media: Morgan Stanley wants to acquire stake in Bithumb