OKX Ventures has acquired a 20% stake in South Korean cryptocurrency exchange Coinone. The investment is part of a 160 billion KRW ($106 million) package between OKX Ventures and Korea Investment & Securities (KIS).
The collaboration aims to improve crypto trading technology, strengthen compliance, and expand institutional services in South Korea.
Coinone will leverage OKX's technology to enhance its exchange, incorporating the company's matching engine, custody system, and wallet technology. This means users might experience quicker trading, improved security measures, and more stable services.