OKX and Korea Investment & Securities Reportedly in Talks to Acquire Stake in Coinone

According to reports, cryptocurrency exchange OKX and Korea Investment & Securities are negotiating for a potential 40% stake in Coinone, a major crypto exchange based in South Korea. If confirmed, the acquisition would represent a significant step for OKX as it looks to expand its footprint in the Korean cryptocurrency sector, following similar activity in the industry.

This development follows last year's acquisition of Seoul-based Gopax by Binance, indicating growing interest from prominent international crypto firms in the South Korean market. Details regarding the progress of negotiations, financial terms, or regulatory considerations have not been publicly disclosed at this time.

The Korean crypto landscape has recently experienced increased international engagement, driven by strong local demand and a maturing regulatory environment. OKX’s interest in Coinone could signal its intent to compete more directly with other global platforms operating in the country. Market observers will be watching for further confirmation and any regulatory reaction as talks progress.