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Naver’s $14.5b power play puts Upbit on IPO path: report – TON BOT

Naver’s $14.5b power play puts Upbit on IPO path: report

Upbit, South Korea’s largest cryptocurrency exchange, is nearing a potential listing on Nasdaq through a multibillion-dollar merger with tech giant Naver. The deal, expected to be approved on November 26, would give Naver control over more than 70% of the country’s crypto trading volume and potentially lead to a U.S. listing. Other crypto companies are also rushing to capitalize on public-market interest.


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