OKX reportedly eyes Coinone stake in South Korea push
OKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access.
The New York Times AI·
Intel, along with Taiwan and South Korea, are the latest winners, our columnist says. True diversification is hard to find.
Read full articleOKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access.
OKX has moved closer to securing a major foothold in South Korea after entering talks to acquire a substantial stake in local crypto exchange Coinone alongside Korea Investment & Securities. According to Yonhap News Agency, OKX and Korea Investment &…
The post OKX Eyes A 20% Stake In South Korean Exchange — Here’s What It Signals For The Region appeared on BitcoinEthereumNews.com. OKX Eyes A 20% Stake In South Korean Exchange — Here’s What It Signals For The Region | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/okx-eyes-stake-in-sk-exchange-what-signals-region/
The post Could Korea’s social agenda cool the world’s hottest market? appeared on BitcoinEthereumNews.com. South Korea’s transformation over the past year has been nothing short of remarkable. The KOSPI has evolved from one of the developed world’s most overlooked equity markets into the single hottest destination for global capital. This shift reflects far more than investor sentiment: it signals a fundamental reappraisal of Korea’s role in the global economy. In 2025, the KOSPI delivered a staggering 75% annual return, making it the best-performing major stock index in the world. Rather than cooling off, the momentum accelerated into 2026. By mid May, the benchmark had already gained another 88% year-to-date, massively outperforming most global peers, as Seoul continued to attract waves of foreign capital and retail speculation. While most of the rise of the KOSPI since 2025 has been driven by artificial intelligence, there are other important social and political factors to take int
Global crypto exchange OKX is in discussions to acquire approximately a 20% stake in Coinone, one of South Korea’s five licensed crypto exchanges, according to a May 15 report by Yonhap News Agency — a move that would mark OKX’s most significant strategic foothold in one of Asia’s most active digital asset markets. Related Reading: […]
Bitcoin dipped to $79,200 during the Trump-Xi summit on Taiwan tensions and a scorching inflation print before recovering to reclaim $81,000 as U.S. President Donald Trump wrapped his Beijing visit. A Summit Between the World’s Two Largest Economies Trump arrived in Beijing accompanied by a delegation of U.S. executives, including Tesla’s Elon Musk, Apple’s Tim […]
The post Israel strikes Lebanon, ceasefire extension prospects dim appeared on BitcoinEthereumNews.com. ## Market Snapshot In the “Israel Ceasefire Extension” market, the May 16 sub-market is currently priced at 51.0% YES, down from 65% 24 hours ago. The “Israel Airspace Closure” market is priced at 29.0% YES, a slight increase from 28% over the same period. ## Key Takeaways – The Israeli attacks on Lebanon suggest a decreased likelihood of a ceasefire extension, consistent with a 25% expected move in the market. – Rising tensions and military actions in the region appear to support a scenario where Israel might close its airspace, with a 15% expected move. – The market for Iranian military action against neighbors shows no significant change, suggesting the news did not impact this scenario. ## Article Body In a development that underscores the fragile state of the ceasefire in the ongoing 2026 Israel–Lebanon war, Israel has conducted military strikes on towns in Lebanon. This action
The post XRP Tops on Upbit as South Korea’s “Big 4” to Acquire $670M Stake in Dunamu appeared on BitcoinEthereumNews.com. Hana Financial Group on Friday said it will acquire a 1 trillion won ($670 million) stake in Dunamu, operator of South Korea’s largest crypto exchange Upbit, through its subsidiary Hana Bank, South Korea’s “Big 4” bank. XRP surpasses BTC in trading volume on XRP Upbit amid the major announcement. South Korea’s Hana Bank to Buy $670 Million Stake in Upbit Operator Dunamu South Korea’s Hana Financial Group on May 15 decided to buy a stake in the country’s top crypto exchange operator Dunamu for 1 trillion won ($670 million). It marks the largest-ever investment by a bank into a crypto exchange operator. On the same day, Hana Bank’s board of directors resolved to acquire 2,284,000 shares of Dunamu held by Kakao Investment. With the acquisition, Hana Bank will secure its position as the fourth-largest shareholder with a 6.55% stake in Dunamu. “This equity investment is