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.
Summary
- OKX Ventures will invest $53 million in Coinone, securing a 19.6% stake pending regulatory approval.
- Korea Investment & Securities is making a matching investment, with both firms set to become Coinone’s joint third-largest shareholders.
- The deal comes as South Korean financial institutions increase crypto investments and expand work on stablecoin and tokenized asset initiatives.
According to a statement released…
