Coinone

OKX Ventures and Korea Investment & Securities (KIS) will each invest $53 million to acquire a 19.6% stake in Coinone, a South Korean cryptocurrency exchange. The $106 million deal aims to strengthen connections between traditional finance and the crypto sector in South Korea’s regulated market.

OKX Ventures has acquired a $53 million stake in Coinone, a cryptocurrency exchange based in Korea. The investment highlights growing interest in Korean crypto platforms.

OKX has invested $53 million to acquire a 20% stake in Coinone, a South Korean cryptocurrency exchange. This follows Binance's earlier acquisition of Gopax, another South Korean crypto platform.

OKX and Korea Investment and Securities are in talks to acquire 40% of Coinone. The deal is expected to have a significant impact on the market. Details of the negotiations have not been disclosed.

OKX is seeking a 20% stake in Coinone, a South Korean crypto exchange, as part of its push into the South Korean market. This move is part of a larger competition between foreign and domestic firms for market access. OKX's investment would give it a significant foothold in the country.

OKX is set to acquire a 20% stake in Coinone, a South Korean crypto exchange, pending approval. This would make OKX the second global exchange to own a majority stake in a South Korean crypto platform. Binance was the first to do so.