What to know:
- So, South Korea’s crypto exchange Upbit is dreaming of a Nasdaq debut. Yep, like they’re trying to be the next big thing in the U.S., as if they’re BeyoncĂ© or something.
- They’re gonna go public after merging with Naver, because nothing says “I’m ready” like a big merger and a lot of digital smoke and mirrors.
Look, here’s the deal: Upbit, the Seoul-based crypto place, wants to hit the big leagues in America with an IPO on Nasdaq, according to Bloomberg-because why not?
They’re in bed with Naver now-a lovely South Korean internet giant-merging faster than you can say “regulation,” and supposedly this week. Classic move-just do the deal, hope the market doesn’t crash tomorrow, and then go public.
The whole thing kicked off back in September-yeah, that’s when everyone was pretending crypto is stable, and Dunamu (Upbit’s parent company) was gonna jump into Naver’s financial pool via a stock swap. Golf clap.
This merger is like peanut butter and jelly, but instead it’s crypto and TradFi, which I guess is supposed to be the next big fusion-like sushi and pepperoni.
Meanwhile, in the real world, Coinbase, Circle, Gemini-they’ve all listed or are planning to list in the U.S., because apparently there’s no bad time to gamble with your retirement savings. Kraken’s probably next-2026, maybe. Mark your calendars.
Naver and Dunamu? Crickets. They didn’t even bother responding to CoinDesk. Coincidence? Or are they just busy counting their imaginary profits?
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2025-11-24 16:25