OKX, one of the world's largest cryptocurrency exchanges, is expected to acquire a significant stake in South Korean exchange Coinone. According to reports, OKX will take a 20% stake in Coinone as part of its expansion plans in the region.
The acquisition is seen as a strategic move by OKX to increase its presence in the Asian market, where cryptocurrency adoption has been growing rapidly. With this deal, OKX aims to tap into Coinone's existing user base and expand its services in South Korea.