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Bybit invested in T-Scientific Co., Ltd. This is a move that will allow us to expand our presence in the Korean blockchain market.
Bybit, one of the world’s fastest growing cryptocurrency exchanges, has completed its convertible bond investment in KOSDAQ-listed T-Scientific Co., Ltd. (“T-Scientific”) announced.
According to a press release shared with Cryptowisser, Bybit’s investment is designed to allow it to explore market expansion and new investment opportunities beyond partnerships in the Korean blockchain market.
Late last month, T-Scientific announced the issuance of convertible bonds with an aggregate principal amount of 16 billion won ($11,077,187). The company revealed that his 5.5 billion won ($3,807,783) was acquired by his Bybit on October 19, 2022.
This latest cryptocurrency news means that Bybit has opened the possibility to further explore the Korean blockchain and NFT market with its Korean regulatory partners. The move is part of Bybit’s ambition to conduct business operations in South Korea in a responsible manner.
KOSDAQ-listed T-Scientific is an IT company that operates a mobile coupon platform. The company is the third largest shareholder of Bithumb, South Korea’s leading cryptocurrency exchange. T-Scientific is actively expanding into other blockchain businesses through his subsidiary Hanbitco Korea.
T-Scientific has strong financial backing from its parent group companies, but is looking to attract investment from global companies, including Bybit.
This investment will enable T-Scientific to further strengthen its financial position, expand its business reach to other blockchain businesses, and finally solidify its leading position in the Korean blockchain and NFT market.
T-Scientific aims to promote Korean projects globally and expand business partnerships to solidify its position in the Korean market.
Bybit is expanding its presence globally. In July, the exchange partnered with trading solutions provider Actant to provide best-in-class trading tools for both institutional and individual traders.
Bybit is a cryptocurrency exchange that has been around since March 2018. The exchange offers a professional platform where cryptocurrency traders can find a lightning-fast matching engine, excellent customer service, and multilingual community support.
