Bybit in Advanced Talks to Acquire South Korea’s Korbit Exchange

Bybit, a leading global cryptocurrency exchange, is currently in advanced negotiations to acquire Korbit, one of South Korea's oldest and most regulated cryptocurrency exchanges. This potential acquisition represents a strategic move by Bybit to expand its footprint in Asia's highly competitive digital asset market. Korbit's strong regulatory compliance and established banking partnerships make it an attractive target for Bybit, which has been aggressively pursuing global expansion. The deal could provide Bybit with immediate access to South Korea's robust cryptocurrency market, leveraging Korbit's local expertise and infrastructure. As of November 2025, this development underscores the ongoing consolidation trend in the crypto exchange sector, with major players seeking to strengthen their positions through strategic acquisitions. The acquisition of Korbit would not only enhance Bybit's regulatory standing but also solidify its presence in a key Asian market, potentially setting the stage for further growth in the region.

Bybit in Advanced Talks to Acquire South Korea's Korbit Exchange

Bybit is negotiating the acquisition of Korbit, one of South Korea's oldest and most regulated cryptocurrency exchanges. The deal would mark a strategic expansion into Asia's competitive digital asset market, leveraging Korbit's established local presence.

Korbit's regulatory compliance and banking partnerships make it an attractive target for Bybit's global ambitions. The acquisition could provide Bybit with immediate access to South Korea's active retail trading sector while bypassing complex licensing procedures.

Market consolidation continues as exchanges seek scale amid tightening regulations. This potential transaction follows similar moves by global platforms expanding through strategic acquisitions rather than organic growth.

Bybit Report Reveals 16 Blockchains Have Built-In Fund Freezing Capabilities

Bybit's Lazarus Security Lab has uncovered a critical vulnerability in blockchain architecture. Among 166 analyzed networks, 16 possess inherent fund freezing mechanisms, with 19 others capable of implementing such features through minor protocol adjustments.

The implementations vary widely—BNB Chain and VeChain employ hardcoded logic, Sui and Aptos use configuration file controls, while HECO relies on on-chain contract execution. These findings strike at the heart of crypto's core promise: censorship-resistant decentralization.