Korea Investment Securities is pursuing a joint acquisition of Coinone shares with OKX. Yonhap said the two sides are discussing purchases of about 20% each in the Korean crypto exchange.
The proposed structure is expected to center on new share issuance rather than sales of existing shares, a format aimed at maximizing capital inflow to Coinone. That would make the transaction closer to a financial investment than an immediate control change, with current major shareholders still central to the cap table.
The next point to watch is whether OKX stays a financial investor or later seeks management influence. Yonhap noted that South Korea’s evolving exchange ownership rules could become a key variable as major financial firms deepen ties with local crypto platforms.
Source: Yonhap News Agency.
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