[South Korean Crypto Exchange Coinone is Advancing the Sale of Partial Shares Held by Its Major Shareholder and Chairman of the Board] According to the Seoul Economic Daily, Coinone, South Korea's third-largest crypto exchange, is considering a share sale, including partial shares held by its major shareholder and Chairman of the Board, Cha Myung-hoon. It is reported that Cha holds a total of 53.44% of the shares through his personal company, The One Group, and directly under his name. A spokesperson for the exchange stated that they are discussing various cooperation plans, including equity investment, with overseas exchanges and domestic financial institutions, but the specific methods have not yet been determined. Industry observers pointed out that this equity change may also involve the 38.42% stake held by the second-largest shareholder, Com2uS. Due to the exchange's continued losses, its book value has fallen below Com2uS's initial acquisition cost. Recently, Cha returned to the frontlines of management four months after stepping down from his position as CEO, which the industry interprets as a possible preparation for the share sale.