OKX and Korea Investment & Securities Plan to Jointly Acquire Approximately 20% Stake in Coinone

Odaily News According to sources, OKX and Korea Investment & Securities are discussing plans to each acquire approximately 20% of Coinone's shares. The specific investment strategy may be structured around issuing new shares rather than selling existing ones, in order to maximize capital inflow. This equity participation appears to be primarily a financial investment and will not change the management control of Coinone.

Currently, Coinone's major shareholders include The One Group (holding 34.30%), Com2uS Holdings [063080] (holding 21.95%), CEO Cha Myung-hoon (holding 19.14%), and Com2uS Plus (holding 16.47%).

Industry observers believe that OKX may not limit itself to simple financial investments in the future but could also seek participation in management or gain substantial influence. If the acquisition is successful, this transaction will be the second time in history that a major overseas exchange has attempted to gain management control of a Korean won-based exchange, following Binance's acquisition of a stake in Streami (Gopax).