OKX Ventures buys $53 million stake in Korea's Coinone exchange

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email OKX Ventures buys $53 million stake in Korea's Coinone exchange The crypto exchange's investment arm and Korea Investment & Securities will each invest KRW 80 billion ($53 million) as Coinone pushes into stablecoins and tokenized securities. By Sam Reynolds May 29, 2026, 6:07 a.m. 1 min read Make preferred on What to know : OKX Ventures and Korea Investment & Securities will each invest KRW 80 billion (about $53 million) for 19.6% stakes in South Korean crypto exchange Coinone, pending regulatory approval. The combined KRW 160 billion ($106 million) deal will involve both secondary share purchases and subscriptions for newly issued shares. After the transaction, CEO Cha Myunghun will remain Coinone’s largest shareholder with 27.8% and retain management control, while Com2uS Holdings and its affiliates will hold 25% and OKX Ventures and KIS will become joint third-largest shareholders. OKX Ventures, the investment arm of crypto exchange OKX, will invest KRW 80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global crypto firm into Korea's digital asset sector. Korea Investment & Securities (KIS), one of South Korea's largest brokerages, will make an identical KRW 80 billion investment and also hold a 19.6% stake upon completion of the transaction, which remains subject to regulatory approval. The combined KRW 160 billion ($106 million) deal will be structured through a mix of secondary share purchases from existing shareholders and subscriptions for newly issued shares, according to a company statement. Following the investment, Coinone CEO Cha Myunghun is expected to remain the exchange's largest shareholder with a 27.8% stake and retain management control. Com2uS Holdings and its affiliates will hold 25%, while OKX Ventures and KIS will become joint third-largest shareholders. The deal formalizes discussions first reported by Yonhap earlier this month , which said OKX and KIS were considering acquiring roughly 20% stakes in Coinone. More For You XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture By Shaurya Malwa 1 hour ago XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year. What to know : XRP has bounced from late-May lows and briefly pushed above $1.30 on strong volume, but it remains well below levels that would confirm a lasting trend reversal. Sentiment is deeply negative, with the average active trader sitting on large unrealized losses even as some analysts see conditions that have historically... Read full story Latest Crypto News XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture 1 hour ago Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears 1 hour ago Bitcoin's record holder supply hides a buyer drought, CryptoQuant says 1 hour ago Calamos bets protected Bitcoin ETFs can outlast crypto market swings 8 hours ago Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers 10 hours ago Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war 10 hours ago Top Stories Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million 12 hours ago What's next as hot money cycle has gone from crypto to gold to AI to memory 16 hours ago Asset manager Grayscale delays IPO plans as crypto listing boom loses steam 16 hours ago Toddlers learn by falling: Why DeFi's $20 billion TVL drop is just a market stress-test 13 hours ago 'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says 16 hours ago