OKX, Korea Investment and Securities said to be in talks for 40% of Coinone
CoinDesk·
60-second summary
OKX is reportedly in talks to acquire a 40% stake in Coinone, a South Korean cryptocurrency exchange, with Korea Investment and Securities as its partner. This move would mirror Binance's acquisition of Seoul-based Gopax last year, as OKX seeks to expand its presence in the South Korean market, a key hub for cryptocurrency trading.
OKX's planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year.