OKX set to acquire 20% stake in South Korean crypto exchange Coinone: report
The Block
OKX and Korea Investment & Securities are reportedly planning to each acquire a 20% stake in South Korean crypto exchange Coinone.Summary
According to a report by Yonhap News Agency, OKX and Korea Investment & Securities are in talks to acquire approximately 20% stakes each in the South Korean crypto exchange Coinone. The deal is expected to involve the issuance of new shares rather than a transfer of existing ownership, meaning current management will likely remain unchanged. If finalized, OKX would become the second major global exchange to gain a significant foothold in South Korea following Binance's acquisition of Gopax.
(Source：The Block)