PANews
PANews|May 28, 2026 02:54
[South Korea Investment & Securities and OKX to Jointly Acquire 40% Stake in Coinone, Total Amount Expected to Exceed $300 Million] According to Edaily, South Korea Investment & Securities will sign an agreement with OKX on the 29th to jointly acquire a 40% stake in South Korean cryptocurrency exchange Coinone, with each party acquiring 20%. The total acquisition amount is estimated to be between 500 billion and 600 billion KRW ($332 million–$398 million). The acquisition will primarily be conducted through the issuance of new shares, with the operational rights of the current major shareholder remaining unchanged. Through this acquisition, South Korea Investment & Securities aims to advance digital asset businesses such as token securities issuance and circulation, corporate client acquisition, and block trading brokerage.
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