Chinese crypto exchange heavyweight Huobi could be set to snap up a controlling stake in Bithumb, South Korea’s biggest trading platform – in a deal that could create an Asian trading behemoth.
Per a report from The Bell Korea, an unnamed investment banking source believed to be close to the deal has stated that Huobi “has expressed interest” in purchasing “all of” parent company Bithumb Holdings’ stake in the company.
As previously reported, Bithumb Holdings has recently put up its stake in the firm up for sale, and has been actively looking for a buyer. In September, brokerage Samjong KPMG told Cryptonews.com that it was representing the holding company, and other experts explained that there had been no shortage of interest from a number of parties.
Bithumb Holdings currently owns over 70% of Bithumb, and is looking for a way out after a takeover deal fell apart in September last year.
https://cryptonews.com/news/huobi-eyes-bithumb-takeover-deal-report-8333.htm
