Korea Investment & Securities and OKX plan to jointly acquire a 40% stake in Coinone, with a total amount possibly exceeding 300 million USD

Korea Investment & Securities will sign an agreement with OKX on May 29, with both parties acquiring 20% of the South Korean cryptocurrency exchange Coinone, totaling a 40% acquisition.

Reports indicate that the total amount of this transaction is expected to be between 500 billion and 600 billion Korean won (approximately 332 million to 398 million USD), primarily completed through the issuance of new shares, while the operational rights of existing major shareholders will remain unchanged.

Korea Investment & Securities stated that it will promote token securities issuance and circulation, expansion of corporate clients, and large-scale brokerage in digital asset business based on this acquisition in the future.