Advertise
Korea Investment & Securities and OKX to Acquire 40% Stake in Coinone
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Korea Investment & Securities and OKX are set to sign an agreement on May 29 to acquire a combined 40% stake in Coinone, with each party taking a 20% share. The transaction is reportedly valued between 500 billion and 600 billion Korean won ($332 million–$398 million) and is expected to be completed primarily through the issuance of new shares. Existing major shareholders will retain operational control. Korea Investment & Securities said the investment will support expansion into tokenized securities issuance and trading, digital asset brokerage services, and institutional client offerings, reflecting growing interest from traditional financial firms in South Korea’s crypto sector.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
