The deal between Upbit and Naver was reported in September, with suggestions that the former’s parent Dunamu would be brought under Naver’s financial arm.
Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
The deal between Upbit and Naver was reported in September, with suggestions that the former's parent Dunamu would be brought under Naver's financial arm.
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Lower expected gains from traditional assets have prompted some funds to test bitcoin and ether exposure to diversify portfolios.
The deal could be a way for the crypto exchange to move into another asset class and increase its users.
Investment bank Roth Capital said the move had the potential to "materially re-rate the stock."
DTTM Operations filed a trademark application that hints at software that manages crypto, NFTs and virtual reality services.