OKX Ventures and Korea Investment & Securities each invest $53M for stakes in Coinone exchange
By
Sam Reynolds
A bagel you'd recommend to a friend without hedging.
Summary
OKX Ventures, the investment arm of crypto exchange OKX, is investing 80 billion won ($53 million) for a 19.6% stake in South Korean crypto exchange Coinone. Korea Investment & Securities (KIS) is making an identical investment for the same stake, bringing the total deal to 160 billion won. The transaction is subject to regulatory approval and comes as Coinone expands into stablecoins and tokenized securities. This marks one of the largest recent investments by a global crypto firm into Korea's digital asset sector.
Key quotes
· 3 pulledOKX Ventures, the investment arm of crypto exchange OKX, will invest 80 billion won ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone
Korea Investment & Securities (KIS), one of South Korea's largest brokerages, will make an identical investment and also hold a 19.6% stake upon completion of the transaction
The combined 160 billion-won deal will be structured through a mix of secondar
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