OKX Reportedly Eyes Coinone Stake Amid South Korea Crypto Race
Cointelegraph
Global exchange OKX is reportedly in talks to acquire a stake in South Korean crypto exchange Coinone to expand its market presence.Summary
Global cryptocurrency exchange OKX is reportedly negotiating with Korea Investment & Securities to acquire a significant stake in South Korean exchange Coinone. The proposed deal involves issuing new shares, which would provide fresh capital to Coinone while maintaining existing management. This move signifies OKX’s attempt to enter the highly regulated South Korean market, despite Coinone facing recent regulatory scrutiny over anti-money-laundering (AML) failures. The interest reflects a broader trend of both foreign and domestic financial institutions seeking strategic positions in South Korea's crypto sector.
(Source：Cointelegraph)