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Crypto

Coinone launches four-way alliance, declares move beyond exchange to comprehensive finance platform

Coinone said it has brought in Korea Investment & Securities and OKX as new strategic investors and will move beyond a digital asset exchange to a blockchain-based comprehensive financial platform. Under the deal, Korea Investment & Securities and OKX will each take a 20 percent stake to become joint third-largest shareholders, while CEO Cha Myung-hoon will retain 30 percent. Existing shareholder Com2uS Holdings will keep its position.

Crypto

Coinone becomes latest crypto exchange target in stake-buying race after Dunamu

Moves by South Korean financial firms to secure stakes in digital asset exchanges are accelerating as expectations grow that the separation of finance and digital assets may ease. Coinone held a signing ceremony for a strategic equity investment deal with Korea Investment Securities, OKX Ventures and Com2uS Holdings. Korea Investment Securities and OKX Ventures will each acquire 20 percent. The deal reshapes Coinone’s ownership while keeping CEO Cha Myung-hoon as the largest shareholder.

Crypto

Coinone raises investment from Korea Investment Securities and OKX Ventures to expand digital finance

Coinone will bring in Korea Investment Securities and OKX Ventures as new strategic investors, it said. The investment is structured through purchases of some existing shares held by Coinone’s largest shareholder and Com2uS Holdings, plus newly issued shares. After completion, Korea Investment Securities and OKX Ventures will each hold 20% stakes, becoming joint third-largest shareholders. Coinone said its chief’s control will remain unchanged.