Korean Investment & Securities and OKX Plan to Jointly Acquire 40% Stake in Coinone, Total Amount Could Exceed $300 Million
2026-05-28 02:54
Odaily reported that Korean Investment & Securities will sign an agreement with OKX on May 29, with each party acquiring a 20% stake in Korean crypto exchange Coinone, for a combined total of 40%.
The report states 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 carried out through the issuance of new shares, and the management rights of the existing major shareholders will remain unchanged.
Korean Investment & Securities stated that based on this acquisition, it will advance digital asset businesses such as token securities issuance and distribution, corporate client expansion, and prime brokerage. (Edaily)
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