OKX Weighs Coinone Stake Deal With Korea Investment, Targeting Korea Entry

Global major crypto exchange OKX is reviewing a joint acquisition of a stake in Coinone, South Korea’s third-largest virtual asset exchange, together with Korea Investment & Securities. According to the original report, Coinone CEO Cha Myung-hun is said to be pursuing a stake sale through existing share sales and new share issuance. OKX and Korea Investment & Securities are each considering acquiring about 20%. Coinone’s enterprise value is expected to be at least 140 billion won. If the review proceeds, it could become a case of a global exchange and a domestic securities firm jointly entering Korea’s virtual asset market. Source: mk.co.kr