OKX set to acquire 20% stake in South Korean crypto exchange Coinone: report
The Block·
60-second summary
OKX is poised to acquire a 20% stake in South Korean crypto exchange Coinone, pending approval, which would make it the second global exchange to own a majority stake in a South Korean platform, following Binance's acquisition. This move could further strengthen OKX's presence in the Asian market, potentially increasing its user base and trading volumes.
If approved, OKX would become the second global exchange to own a majority stake in a South Korean crypto platform, following Binance.