Upbit crypto exchange is gaining momentum in South Korea. Traditional banks are no longer watching from the sidelines. They are entering the digital asset sector directly, with Hana Bank leading the latest major move.
Hana Bank revealed that it will acquire 2.28 million shares in Dunamu from Kakao Investments. The deal is worth 1.003 trillion Korean won, or about $669.2 million. Once completed on June 15, Hana will own a 6.55% stake in Dunamu, becoming the company’s fourth-largest shareholder.
Dunamu operates Upbit, the largest crypto trading platform in South Korea. Upbit controls more than 80% of the country’s crypto trading volume. The exchange is also ranked among the world’s top spot exchanges, processing more than $1 billion in daily trading volume.
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Upbit Crypto Exchange Signals Growing Institutional Trust
The latest move is a strong signal for every upbit crypto exchange now circulating in the market. Large financial institutions rarely invest this much money without seeing long-term value.
Hana said the investment will help it “secure competitiveness in the new financial landscape.” The bank has already expanded its crypto exposure through deals with Circle, Crypto.com, and Standard Chartered Group. Earlier this year, Hana also partnered with SK Telecom and BitGo to launch BitGo Korea.
These partnerships show a clear strategy. Hana wants a deeper role in digital finance before regulations become fully established.
Meanwhile, Kakao Investments is reducing its exposure. After the sale, Kakao will hold a 4.03% stake in Dunamu.
Upbit Crypto Exchange Gains Strength Amid Regulation Changes
South Korea is currently building a new crypto framework called the Digital Asset Basic Act. The proposed rules include guidelines for stablecoins and digital asset operations.
This changing regulatory environment may help major exchanges like Upbit gain even more credibility. Investors often look for legal clarity before committing serious capital.
Dunamu is also working on a merger and acquisition process with Naver Financial. If finalized, the move could tighten Upbit’s connections with one of South Korea’s largest technology groups.
For many analysts, Upbit crypto exchange is becoming clearer. Big banks, tech firms, and regulators are all moving toward deeper involvement in crypto. That trend could push Upbit into an even stronger position in Asia’s digital asset market.
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