Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb

Cointelegraph

Published Mar 19, 2021 03:23AM ET

Updated Mar 20, 2021 05:20AM ET

According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley (NYSE:MS) is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.

The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake in Bithumb Korea.

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