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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)
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Verified byMichael Roberts
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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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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