Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, […]
OKX plans a possible investment in crypto exchange Coinone as South Korea’s crypto market attracts major global exchanges and financial companies. South Korea’s crypto market may soon see a major global partnership. OKX is discussing a possible investment in Coinone, South Korea’s third-largest crypto exchange. According to Yonhap News, OKX is working with Korea Investment […]
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The post OKX Reportedly Eyes Coinone Stake Amid South Korea Crypto Race appeared on BitcoinEthereumNews.com.
Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, mainly through the issuance of new shares rather than the sale of existing stock, a structure that would inject fresh capital while initially leaving management control largely unchanged. In early April, Korean media reported that Korea Investment & Securities was reviewing a possible acquisition of a stake in Coinone as part of a broader push into digital assets, and that no final decision had been made. The reported deal would give OKX a foothold in one of Asia’s largest won-denominated crypto markets, as South Korean regulators intensify scrut
XRP Upbit volume surged to $330 million on May 15 after Hana Bank announced a $670 million Dunamu stake. XRP Upbit volumes surged on Friday after South Korea’s Hana Financial Group announced it will acquire a 1 trillion won ($670…
The post South Korea’s Hana Financial Scoops up 2.2M Dunamu Shares appeared on BitcoinEthereumNews.com.
Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the digital assets market. In a regulatory filing on Friday, Hana Financial announced it is buying more than 2.2 million shares in Dunamu, or roughly 6.55% of the company, from investment firm Kakao Investment, worth over 1.003 trillion Korean won ($668 million). Hana Financial’s 6.55% stake from Kakao makes it the fourth-largest Dunamu shareholder. South Korean outlet The Chosun Daily reported last September that major shareholders of Dunamu include its chairman Song Chi-hyung with 25.5%; Vice Chairman Kim Hyoung-nyon with 13.1%; Kakao with 10.6% and Woori Technology Investment with 7.2%. Hana Financial said in the filing that the ac
Hana Bank agrees to acquire a 6.55% stake in Dunamu for over $700M, marking the largest bank-led crypto investment in South Korean history Kakao Investment needed to raise funds. The method it chose was selling Dunamu shares it had been sitting on for years. South Korea’s Hana Bank, a subsidiary of Hana Financial Group, announced […]
The post A Korean Bank Just Wrote a $730M Check Into Crypto. Here’s Who Got Paid appeared first on Live Bitcoin News.
The post Gemini Revenue Jumps 42% With Credit Cards and New Licenses appeared on BitcoinEthereumNews.com.
Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins’ company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025. The biggest increase was in credit card revenue, which surged nearly 300% to $14.7 million, driven by significant growth in the Gemini Credit Card user base, the company said. The expansion from crypto into broader financial services began in early 2021, when the company an
The post South Korea sets July deadline for tokenized securities rules appeared on BitcoinEthereumNews.com.
South Korea’s Financial Services Commission plans to release detailed tokenized securities rules in July. Summary South Korea plans to release detailed tokenized securities rules in July before the 2027 legal rollout. The FSC is studying tokenized stocks, bonds and MMFs while building investor-protection rules for issuance. Samsung SDS is building KSD’s token securities platform as Korea prepares blockchain-based market infrastructure. The rules will support the amended Capital Markets Act and Electronic Securities Act, which are scheduled to take effect on February 4, 2027. The FSC discussed the plan at the second public-private tokenized securities council meeting on May 15. Local reports said the council reviewed issuance, trading, settlement and infrastructure rules before the legal framework starts. Fractional products may get wider scope The FSC is preparing to allow some
