OKX Ventures and KIS Invest $106 Million in Coinone Exchange
- OKX Ventures will invest 80 billion won ($53 million) for a 19.6% stake in Coinone.
- Korea Investment & Securities (KIS) will match this investment, acquiring an identical 19.6% stake.
- The total deal amounts to 160 billion won, structured through secondary share purchases and new share subscriptions.
- This investment is one of the largest by a global crypto firm in South Korea’s digital asset sector recently.
- The transaction is pending regulatory approval before completion.
The investment from OKX Ventures and KIS underscores significant interest in South Korea’s cryptocurrency market, particularly as both firms aim to strengthen their presence in the region’s digital asset landscape.
With a combined investment of 160 billion won, this move highlights the growing confidence in platforms like Coinone amid increasing global investments in cryptocurrencies.(Source)
