[Coinone Denies Rumors of Equity Transaction with Coinbase, Calling Them 'Groundless'] According to a report by Jinse Finance, South Korea's third-largest cryptocurrency exchange, Coinone, has firmly denied reports of equity sale negotiations with Coinbase, calling them 'groundless.' Previously, the Seoul Economic Daily reported that Coinone Chairman Cha Myung-hoon was exploring the sale of partial equity, with Coinbase listed as a potential buyer. Despite the denial, Coinone's second-largest shareholder, Com2uS Holdings, saw its stock price surge by 17% on Monday, reflecting the market's sensitivity to mergers and acquisitions. The South Korean Financial Services Commission has proposed setting a cap of 15-20% on major shareholders' holdings. Cha Myung-hoon currently holds 53.44% equity, and if the regulation takes effect, he will be forced to reduce his stake.