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CtrlK
According to Digital Asset, WeHub, the holding company of the largest shareholder of the Busan Digital Asset Exchange in South Korea, will acquire the cryptocurrency exchange Flybit to expand its virtual asset market. WeHub and its largest shareholder, JM Coffee Group Chairman Yang Jae seok, have agreed to the transaction for an undisclosed amount. After the acquisition, WeHub will hold 40% of Flybit's shares, Yang Jae seok will hold 25%, and Flybit CEO Kim Seok jin will retain 15%. Flybit's market share has declined due to the lack of a real name account in Korean won.