Korea Investment And OKX In Talks To Acquire Stakes In South Korean Exchange Coinone

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The post OKX Ventures, KIS to Buy 19.6% Stake in Coinone For $106M appeared on BitcoinEthereumNews.com. South Korean crypto exchange Coinone said Korea Investment & Securities (KIS) and OKX Ventures agreed to invest a combined 160 billion won ($106 million) for a 19.6% stake in the platform. The investment, which remains subject to regulatory approval, would make KIS and OKX Ventures joint third-largest shareholders in Coinone behind CEO Myung-Hun Cha and existing backer Com2uS Holdings, according to a release shared with Cointelegraph.  The transaction combines secondary share purchases from existing holders with newly issued shares, while Cha is expected to remain Coinone’s largest shareholder and retain management control. The deal would give OKX Ventures exposure to one of Asia’s most tightly regulated crypto markets, where local licenses and compliance records remain critical. Friday’s announcement confirmed rumors earlier this month that OKX was in talks with KIS to acquire rough