South Korea's Korbit Rebrands to Digital X

South Korean exchange Korbit has officially changed its name to Digital X. This follows the completion of a deal where financial giant Mirae Asset secured a controlling stake in the platform.

Mirae Asset plans to make this new entity the main focus of its broader digital asset strategy. By rebranding, the company aims to align the exchange more closely with its corporate identity and future goals in the crypto space.

This shift shows that traditional financial firms in South Korea are serious about integrating digital assets into their business models. Traders should watch for how Digital X changes its service offerings under this new ownership structure as the firm settles into its rebranded role.