OKX to Acquire 20% Stake in South Korean Exchange Coinone
OKX to Acquire 20% Stake in South Korean Exchange Coinone
Published on
OKX is reportedly set to acquire a 20% stake in the South Korean crypto exchange Coinone. This move would position OKX as the second global exchange to hold a significant stake in a South Korean crypto platform, following a similar move by Binance.
According to a recent report, global cryptocurrency exchange OKX is poised to acquire a 20% stake in Coinone, a prominent South Korean crypto exchange. If the acquisition receives the necessary approvals, OKX would become the second international exchange to own a substantial stake in a South Korean crypto platform. This follows the precedent set by Binance, which also holds a significant interest in a local South Korean entity.