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OKX set to acquire 20% stake in South Korean crypto exchange Coinone: report

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The Block Editorial
(07:58 AM UTC)
1 min read
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Verified byMichael Roberts

OKX is advancing plans to acquire a majority stake in the South Korean crypto exchange Coinone, in partnership with Korea Investment & Securities Co.

According to a Friday report from Yonhap News Agency, OKX and Korea Investment & Securities are looking to buy approximately 20% stakes in Coinone each. 

Coinone will likely issue new shares for the transaction rather than selling…

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