Korea’s Top Brokerage Wants Into Crypto — Starting With Coinone
BeInCrypto
Korea Investment Securities is in early talks to acquire a stake in the South Korean crypto exchange Coinone.Summary
Korea Investment Securities, a major South Korean brokerage, is in preliminary discussions to acquire a stake in Coinone, the country's third-largest cryptocurrency exchange. This move reflects a broader trend of traditional financial firms integrating crypto assets into their portfolios, similar to Mirae Asset Group's recent acquisition of Korbit. While Coinone faces financial challenges, including a decline in net income and operating losses, it remains a strategic target as brokerages look to expand into tokenized securities and 24/7 trading infrastructure.
(Source：BeInCrypto)