Investors Harbour Sanguine Expectations Regarding The Acquisition Of Korea's Largest Crypto Exchange

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PHOTO SOURCE: CCN.COM

The report by CCN on October 12 that BK Global Consortium- the parent company of Singapore-based BK Medical Group- has acquired a 50 percent stake in Bithumb- South Korea’s largest crypto exchange- has been generally met with sanguine expectations among investors.

According to CCN, the acquisition of Bithumb by BK Global Consortium has generated a high degree of optimism among a majority of the investors "because with the deal, now every major cryptocurrency exchange in the country is operated by large-scale conglomerates."

CCN also opined that with the involvement of BK Global Consortium, Bithumb investors can expect a re-aligned focus on security management, "and overall improvement in investor protection, which will help legitimize the cryptocurrency exchange market of South Korea."


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