The acquisition of 2.28 million shares will give Hana Bank a 6.55% stake in Dunamu, making it the fourth-largest shareholder.

SEOUL, May 15 : South Korea's Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country's largest cryptocurrency exchange, the bank's holding…

The Korean internet giant was an early investor in Dunamu, which operates the country’s most popular crypto exchange Upbit.

The acquisition of 2.28 million shares will give Hana Bank a 6.55% stake in Dunamu, making it the fourth-largest shareholder.

Hana Bank investment makes it the fourth-largest shareholder in Dunamu, acquiring a 6.55% stake in the Upbit operator for $670M.