Mirae Asset Group launches fee-free trading at Digital X

Mirae Asset Group is attempting to penetrate the South Korean cryptocurrency market by offering one year of commission-free trading at Digital X, the exchange formerly known as Korbit. This aggressive move is designed to capture retail trading volume from current market leaders Upbit and Bithumb.

Mirae Asset completed its acquisition of Korbit earlier this year following approval from South Korea’s antitrust watchdog. The rebranding to Digital X and the backing of a major financial conglomerate provide the platform with institutional credibility and a balance-sheet advantage over smaller competitors.

Digital X is also reportedly preparing a capital raise of between $145 million and $217 million by the first quarter of next year. The goal is to transform the exchange into a broader digital-finance platform within one of the world’s most active retail crypto markets.