Korea Investment & Securities and OKX Ventures have each acquired a 20% stake in Coinone, Korea’s third largest cryptocurrency exchange, becoming its joint third largest shareholders. The shares involve a combination of existing shares held by Coinone’s two largest shareholders as well as newly issued shares. Korea Investment’s outlay was reported to be in the tens of billions of won (ten billion is $6.5 million).

OKX Ventures is the investment arm of OKX, one of the largest global crypto exchanges. Its involvement brings an international dimension that the recent wave of Korean exchange investments has otherwise lacked. The deal gives Coinone a shareholder structure split…