What to know:
- OKX Ventures and Korea Investment & Securities will each invest KRW 80 billion (about $53 million) for 19.6% stakes in South Korean crypto exchange Coinone, pending regulatory approval.
- The combined KRW 160 billion ($106 million) deal will involve both secondary share purchases and subscriptions for newly issued shares.
- After the transaction, CEO Cha Myunghun will remain Coinone’s largest shareholder with 27.8% and retain management control, while Com2uS Holdings and its affiliates will hold 25% and OKX Ventures and KIS will become joint third-largest shareholders.
OKX Ventures, the investment group linked to the OKX crypto exchange, is investing $53 million (80 billion Korean Won) to acquire a 19.6% ownership stake in Coinone, a South Korean cryptocurrency exchange. This deal, announced Friday, is one of the biggest recent investments by an international crypto company in the Korean digital asset market.
Korea Investment & Securities (KIS), a leading brokerage firm in South Korea, plans to invest 80 billion Korean won and acquire a 19.6% ownership stake in the company. This deal is still awaiting approval from regulators.
Our team has secured a deal worth 160 billion Korean Won, which translates to roughly $106 million. We’re funding this through a combination of buying existing shares from current shareholders and investing in newly issued shares, as confirmed in a company statement.
As a researcher following this investment, I understand that Coinone’s CEO, Cha Myunghun, will continue as the largest shareholder, owning 27.8% of the company and maintaining control of its operations. Com2uS Holdings, along with its related companies, will collectively hold a 25% stake. OKX Ventures and KIS will both become equal third-largest shareholders in Coinone.
This agreement confirms earlier reports from Yonhap this month that OKX and KIS were looking to buy approximately 20% of Coinone.
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2026-05-29 09:14