Bybit invests in KOSDAQ-listed T-Scientific

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Bybit invests in KOSDAQ-listed T-Scientific – Crypto giant seeks partnership with 3rd largest shareholder of Korean regulated exchange Bithumb
24-Oct-2022 / 19:45 CET/CEST

Bybit invests in KOSDAQ-listed T-Scientific
Crypto giant seeks partnership with 3rd largest shareholder of Korean regulated stock exchange Bithumb


SEOUL, Republic of Korea | October 24, 2022 11:22 a.m. Eastern Daylight Time

per bit announced the completion of a convertible bond investment in T-Scientific Co., Ltd. (“T-Scientific”), listed on KOSDAQ. The move now lays the groundwork for Bybit to explore market expansion and new investment opportunities beyond partnerships in the Korean blockchain market.

On September 30, 2022, T-Scientific announced the issuance of convertible bonds with an aggregate principal amount of 16 billion won, of which 5.5 billion won was acquired by Bybit on October 19, 2022.

Through the relationship with T-Scientific, Bybit has opened up the possibility of further exploring the Korean blockchain and NFT markets with regulated Korean partners; part of Bybit’s ambition to conduct all Korean business operations responsibly.

Listed on KOSDAQ, T-Scientific is an IT company operating a mobile coupon platform. It is also the third largest shareholder in Bithumb, a Korean virtual asset exchange, and is actively expanding its blockchain business through its subsidiary Hanbitco Korea.

Although it already enjoys strong financial support from its parent companies, T-Scientific is seeking to attract investment from global players such as Bybit, in order to further improve its financial position, increase its commercial reach into other blockchain businesses and ultimately consolidate its leadership position. in the Korean blockchain and NFT market.

In particular, T-Scientific is looking forward to further business collaboration, such as pushing Korean projects globally and consolidating the company’s position in the Korean market through Bybit’s investment and its recent acquisition of Hanbitco.

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find a super-fast matching engine, excellent customer service, and multilingual community support. Bybit is a proud partner of Formula 1 racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance,, Made in Brazil (MIBR), City Esports and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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