OKX Ventures acquires 19.6% stake in South Korean crypto exchange Coinone

cryptonews05-29 15:47

OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group’s presence in ...

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Coinone said t","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4585":"ETF&股票定投概念","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","LU0971096721.USD":"富达环球金融服务 A","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","DAPP":"VanEck Digital Transformation ETF","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","KIS.AU":"Island Scheelite Ltd","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BKCH":"AdvisorShares Sabretooth ETF","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","BITW":"Bitwise 10 Crypto Index ETF","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK7016":"应用软件","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","ICE.AU":"ICETANA LTD","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4112":"金融交易所和数据","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","GDLC":"Grayscale CoinDesk Crypto 5 ETF","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","STCE":"Schwab Crypto Thematic ETF","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","ICE":"洲际交易所","DIME":"CoinShares Altcoins ETF"},"translate_title":"OKX Ventures收购韩国加密货币交易所Coinone 19.6%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LFGY":1.5,"BITQ":1.5,"CRPT":1.5,"GDLC":1.5,"ICE.AU":1,"ICE":1,"KIS.AU":1,"DAPP":1.5,"TEKX":1.5,"DIME":1.5,"STCE":1.5,"BITW":1.5,"BKCH":1.5,"NCIQ":1.5},"content_text":"OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group’s presence in one of Asia’s largest digital asset markets.\n\n\nSummary\n\n\n\nOKX Ventures will invest $53 million in Coinone, securing a 19.6% stake pending regulatory approval.\nKorea Investment & Securities is making a matching investment, with both firms set to become Coinone’s joint third-largest shareholders.\nThe deal comes as South Korean financial institutions increase crypto investments and expand work on stablecoin and tokenized asset initiatives.\n\n\n\nAccording to a statement released by Coinone, the company has signed strategic equity investment agreements with OKX Ventures, Korea Investment & Securities (KIS), and South Korean gaming firm Com2uS and its affiliate.\nPending regulatory approval and completion of the transaction, OKX Ventures and KIS will each hold a 19.6% stake in Coinone after investing 80 billion won apiece. Coinone said the two investors are expected to become the exchange’s joint third-largest shareholders behind Chief Executive Officer Cha Myung-hun, who holds 27.8%, and Com2uS Holdings and its affiliated company, which together control 25%.\nCoinone stated that the transaction will combine secondary share purchases from Cha and Com2uS with subscriptions to newly issued shares.\nComing after Binance’s acquisition of rival exchange Gopax, the investment adds to a growing list of overseas crypto firms seeking exposure to South Korea’s regulated digital asset sector.\nIn comments included in the announcement, Netero Dai, vice president of OKX Global Markets, described South Korea as one of the world’s most advanced digital asset markets and said the country’s regulatory framework is respected internationally.\n\n“We believe that the future of finance will be built on compliant, well-regulated infrastructure, and our investment in Coinone with Korea Investment & Securities reflects that conviction.” \n\nBeyond the equity investment, Coinone and OKX Ventures said they plan to exchange expertise in areas including user protection, security systems, and risk management practices.\nAt the same time, KIS said it intends to pursue business opportunities involving security tokens and stablecoins as South Korea continues discussions around digital asset legislation.\nSouth Korean financial institutions increase crypto exposure\nThe Coinone deal arrives as major South Korean financial groups step up investments across the cryptocurrency sector.\nEarlier this week, three Samsung subsidiaries announced plans to invest approximately $408 million in Dunamu, the parent company of Upbit, in exchange for a combined 4% ownership stake.\nSeparately, Mirae Asset, which manages more than 1,000 trillion won ($665 billion) in assets, disclosed in February that it would acquire a 92% stake in cryptocurrency exchange Korbit.\nSeveral large financial institutions, including KB Kookmin, Shinhan, and NHN KCP, have also entered partnerships with blockchain networks such as Solana and Avalanche to test payment infrastructure involving tokenized deposits and stablecoins.\nMeanwhile, South Korean policymakers continue work on the proposed Digital Asset Basic Act, a comprehensive crypto framework intended to govern the country’s digital asset industry. Although regulators have continued discussions on the legislation, its final implementation schedule remains uncertain.\nRecent developments have also shown international financial firms increasing cooperation with crypto-native companies. \nIn May, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, expanded its strategic relationship with OKX through plans to support perpetual oil futures linked to ICE Brent and WTI benchmarks. \n\n\n\n\n\n                Read more:\n            \n\n                Argentina bill targets crypto gambling payments","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.3","shortVersion":"4.42.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2639864746","isCrawlerRequest":true}