OKX Reportedly Eyes Coinone Stake Amid South Korea Crypto Race
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