BitcoinEthereumNews·
The post OKX Ventures, KIS to Buy 19.6% Stake in Coinone For $106M appeared on BitcoinEthereumNews.com. South Korean crypto exchange Coinone said Korea Investment & Securities (KIS) and OKX Ventures agreed to invest a combined 160 billion won ($106 million) for a 19.6% stake in the platform. The investment, which remains subject to regulatory approval, would make KIS and OKX Ventures joint third-largest shareholders in Coinone behind CEO Myung-Hun Cha and existing backer Com2uS Holdings, according to a release shared with Cointelegraph. The transaction combines secondary share purchases from existing holders with newly issued shares, while Cha is expected to remain Coinone’s largest shareholder and retain management control. The deal would give OKX Ventures exposure to one of Asia’s most tightly regulated crypto markets, where local licenses and compliance records remain critical. Friday’s announcement confirmed rumors earlier this month that OKX was in talks with KIS to acquire rough
Read full articleOKX and Korea Investment & Securities have joined the list of companies investing in South Korean crypto exchanges after agreeing to acquire a 20% stake each in Coinone, one of the country’s largest platforms. Related Reading: Ripple CEO Says Voters, Trump Defeated The ‘Anti-Crypto Army’ OKX, KIS Become Coinone’s Third-Largest Stakeholders On Friday, Coinone announced […]
The post South Korea’s DAXA Cracks Down on Crypto API Abuse appeared on BitcoinEthereumNews.com. DAXA mandates Upbit, Bithumb, Coinone, Korbit, and Gopax to invalidate suspicious shared API keys. Automated trading accounts for 30% of Korean crypto volume, making API governance a systemic issue. Exchanges must now monitor, warn, re-verify, and force-expire API keys based on risk level detected. South Korea’s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or lent between users. The policy, announced May 28, targets a specific exploitation method that has been used to facilitate price manipulation and unfair trading practices across Korean crypto markets. DAXA member exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are all subject to the new standards. Why This Matters API keys are access credentials that allow
OKX Ventures and KIS to invest $53 million each for a 19.6% stake in Coinone, deepening ties between traditional finance and crypto in South Korea’s tightly regulated market.
OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group’s presence in one of Asia’s largest digital asset markets. According to a…
Mastercard's regulatory approval in New York could accelerate the integration of digital currencies into mainstream financial systems, enhancing trust and innovation. The post Mastercard wins New York regulatory approval to scale digital currency infrastructure appeared first on Crypto Briefing.
The post Kraken Secures VARA Approval to Launch Crypto Trading and Staking in UAE appeared on BitcoinEthereumNews.com. Key Takeaways Kraken secured preliminary VARA approval to expand crypto services in the UAE. Dubai’s crypto rules are attracting exchanges as global firms seek regulatory clarity. Kraken plans UAE staking, OTC, and derivatives services pending final approvals. Payward Gains UAE Crypto License Approval as Kraken Deepens Middle East Push Kraken is preparing to deepen its presence in the Middle East after securing preliminary approval from Dubai’s Virtual Asset Regulatory Authority (VARA), marking another milestone in the United Arab Emirates’ push to become a global center for digital assets. Payward, the financial infrastructure company behind Kraken, said it received initial authorization for a broker-dealer, investment, and management license in Dubai. The approval clears the way for the exchange to offer a broad range of crypto services through a locally regulated en
Kraken parent company Payward has received preliminary regulatory approval to expand operations in the United Arab Emirates. The move strengthens Dubai’s position as a global crypto hub as major exchanges continue gravitating toward jurisdictions with clearer digital asset rules. Payward Gains UAE Crypto License Approval as Kraken Deepens Middle East Push Kraken is preparing to […]
Polymarket's Japan entry could set a global precedent for prediction markets, influencing regulatory stances and market adoption worldwide. The post Polymarket targets Japan market entry, seeks regulatory approval by 2030 appeared first on Crypto Briefing.
