Korea Investment & Securities and OKX plan to jointly acquire 40% of Coinone's shares, with total amount potentially exceeding $300 million

Odaily reported that Korea Investment & Securities will sign an agreement with OKX on May 29, with each party acquiring a 20% stake in Korean crypto exchange Coinone, totaling a 40% stake acquisition.

Reports indicate that the total transaction amount is expected to be between 500 billion and 600 billion Korean Won (approximately $332 million to $398 million). The acquisition will primarily be conducted through the issuance of new shares, and the management rights of the existing major shareholders will remain unchanged.

Korea Investment & Securities stated that, based on this acquisition, it will advance digital asset businesses such as token security issuance and distribution, corporate client expansion, and prime brokerage. (Edaily)