OKX Pursues Investment in South Korea's Coinone Exchange

South Korea's cryptocurrency market is witnessing significant developments with major global exchanges and financial companies showing interest in investing or partnering with local players.

OKX, one of the world's largest crypto exchanges, is in talks with Korea Investment & Securities to acquire almost 20% of Coinone's shares. The investment could be made through new share issuance, providing Coinone with necessary capital for business expansion.

Coinone has confirmed that it is engaged in discussions with several companies but emphasized that no final deal has been reached yet. If the investment is successful, OKX may solidify its foothold in the South Korean crypto market and strengthen relationships with financial institutions and blockchain businesses in the country.