OKX Eyes Major Stake in South Korea’s Crypto Exchange Coinone

Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean banks are moving deeper into digital assets. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant stake in […]

South Korean authorities are set to release detailed rules for the issuance, infrastructure, and distribution of tokenized securities, as the country advances its efforts to implement crypto market regulations in 2027. Related Reading: Bank Of England To Ease ‘Overly Conservative’ Stablecoin Rules After Industry Backlash – Report FSC Eyes July Tokenized Securities Framework On Friday, […]

OKX and Korea Investment & Securities are reportedly in talks to acquire stakes in South Korean crypto exchange Coinone. The move could mark a major step in the opening of Korea’s tightly regulated digital asset market to global players. OKX Explores Strategic Coinone Role as South Korea Rethinks Crypto Rules Global crypto exchange OKX is […]

The post Hana Financial Acquires 6.55% Stake in Dunamu for $670M appeared on BitcoinEthereumNews.com. Iris Coleman May 15, 2026 09:01 Hana Financial buys 6.55% of Dunamu, operator of Upbit, for $670M. Strategic move boosts its presence in blockchain and digital assets. South Korea’s Hana Financial Group announced it has acquired a 6.55% stake in Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit. The $670 million (1.003 trillion won) deal positions Hana as Dunamu’s fourth-largest shareholder and underscores its growing commitment to the digital asset space. According to a regulatory filing on May 15, 2026, Hana purchased approximately 2.284 million shares from Kakao Investment, which retains 1.4 million shares for “future investments.” The transaction is set to close by June 15, 2026. This move aligns with Hana’s broader strategy to “secure competitiveness in new finance through strategic equity investment,” as stated in the filing. This acqu

The post Hana Bank Buys $670M Stake in Upbit’s Parent Dunamu in Korea’s Largest Bank-Crypto Deal appeared on BitcoinEthereumNews.com. Hana Bank, one of South Korea’s “Big 4” banks, has bought a $670 million stake in Dunamu, the parent company of crypto exchange Upbit. The acquisition makes Hana Bank the fourth largest shareholder in Dunamu with a 6.55% stake. This is the largest bank investment into a crypto exchange in Korean history, and it lands as part of a broader move by Korean banks to position themselves directly inside the digital asset space rather than around it. One of South Korea's "Big 4" banks bought a $670M stake in the parent company of Upbit. Hana Bank now holds 6.55% of Dunamu, becoming the 4th largest shareholder. This is the largest bank investment into a crypto exchange in Korean history. pic.twitter.com/YiDxiDSMuS — Satoshi Club (@esatoshiclub) May 15, 2026 What Hana Bank Just Bought Into Dunamu owns Upbit, the largest crypto exchange in South Korea by volume. Up

The post OKX Reportedly Eyes Coinone Stake Amid South Korea Crypto Race appeared on BitcoinEthereumNews.com. Global crypto exchange OKX is reportedly in talks with Korea Investment & Securities to take a major stake in Coinone, marking the latest shakeup in South Korea’s tightly regulated crypto exchange market. According to a Friday report by Korean media outlet Yonhap, the two firms are discussing plans to each acquire around 20% of Coinone, mainly through the issuance of new shares rather than the sale of existing stock, a structure that would inject fresh capital while initially leaving management control largely unchanged. In early April, Korean media reported that Korea Investment & Securities was reviewing a possible acquisition of a stake in Coinone as part of a broader push into digital assets, and that no final decision had been made. The reported deal would give OKX a foothold in one of Asia’s largest won-denominated crypto markets, as South Korean regulators intensify scrut

XRP Upbit volume surged to $330 million on May 15 after Hana Bank announced a $670 million Dunamu stake. XRP Upbit volumes surged on Friday after South Korea’s Hana Financial Group announced it will acquire a 1 trillion won ($670…

The post South Korea’s Hana Financial Scoops up 2.2M Dunamu Shares appeared on BitcoinEthereumNews.com. Major South Korean financial conglomerate Hana Financial is buying a stake in Dunamu, the operator of the crypto exchange Upbit, in its latest venture into the digital assets sector, amid a broader trend of traditional financial institutions wading into the digital assets market. In a regulatory filing on Friday, Hana Financial announced it is buying more than 2.2 million shares in Dunamu, or roughly 6.55% of the company, from investment firm Kakao Investment, worth over 1.003 trillion Korean won ($668 million). Hana Financial’s 6.55% stake from Kakao makes it the fourth-largest Dunamu shareholder. South Korean outlet The Chosun Daily reported last September that major shareholders of Dunamu include its chairman Song Chi-hyung with 25.5%; Vice Chairman Kim Hyoung-nyon with 13.1%; Kakao with 10.6% and Woori Technology Investment with 7.2%. Hana Financial said in the filing that the ac