Key Takeaways:
OKX and Korea Investment could buy 20% each of Coinone via new share issuance.Coinone deal could open South Korea’s tightly regulated crypto market to global firms.South Korea reforms could shape how far OKX can expand in Korean crypto exchanges.According to industry sources, the two firms are discussing plans to each acquire roughly 20% of Coinone through a capital raise structured around newly issued shares rather than purchases from existing shareholders. The approach would inject fresh capital into the exchange while avoiding immediate changes to management control.
Neither Coinone, OKX, nor Korea Investment & Securities publicly confirmed details of the discussions.
