Recent developments in the South Korean cryptocurrency market highlight the increasing interest from both local and international investors. OKX and Korea Investment & Securities (KIS) have both announced their plans to acquire a 20% stake each in Coinone, one of the major cryptocurrency exchanges in South Korea.<\/p>\n
On Friday<\/strong>, Coinone disclosed its strategic investment agreements with KIS and OKX Ventures, the investment division of the notable global crypto exchange OKX. According to reports, each company will invest approximately $53 million<\/strong> to acquire their stakes through newly issued shares and shares sold by existing shareholders, including Coinone\u2019s CEO Cha Myung-hoon<\/strong> and Com2uS Holdings.<\/p>\n Following this investment, Coinone\u2019s CEO will continue to hold the largest share at 30.36%<\/strong>, with Com2uS Holdings in second place owning 24.54%<\/strong>. As a result, both KIS and OKX Ventures will become the joint third-largest stakeholders in the exchange.<\/p>\n KIS has emphasized that this investment extends beyond merely purchasing equity, aiming to establish a foundation for expansion into the digital asset sector. According to KIS CEO Kim Sung-hwan<\/strong>, this investment marks their initial step toward entering blockchain-based digital financial services, targeting areas such as tokenized securities, stablecoins, and more.<\/p>\n Coinone has indicated that its collaboration with OKX Ventures is designed to enhance investor protections and risk management capabilities while providing insights into international market practices. Netero Dai<\/strong>, vice president of OKX Global Markets, stated that this partnership reflects a commitment to building a compliant financial infrastructure.<\/p>\n To further elaborate on this collaboration, Coinone\u2019s CEO mentioned that they will coordinate with regulators regarding shareholder changes and plans to hold a joint media briefing with KIS, OKX Ventures, and Com2uS Holdings to discuss future cooperation.<\/p>\n The recent investments by KIS and OKX are part of a larger trend where local brokerage firms are increasingly investing in cryptocurrency exchanges. Financial authorities have noted this surge as South Korea moves toward establishing a comprehensive regulatory framework for digital assets. According to The Korea Times<\/strong>, many companies are seeking to secure their foothold in this emerging market.<\/p>\n Recent regulatory proposals by the Financial Services Commission (FSC) suggest capping major shareholders\u2019 stakes in crypto exchanges at around 15%-20%<\/strong>, similar to the regulations that govern traditional securities exchanges. FSC\u2019s Chairman Lee Eog-weon<\/strong> has stated that this measure aims to align governance standards with the growing public role of these exchanges.<\/p>\n These strategic investments mark a significant shift in how traditional finance is engaging with the digital asset space, setting the stage for further integration of cryptocurrency within established financial systems.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Recent developments in the South Korean cryptocurrency market highlight the increasing interest from both local and international investors. OKX and Korea Investment & Securities (KIS) have both announced their plans to acquire a 20% stake each in Coinone, one of the major cryptocurrency exchanges in South Korea. Strategic Investments in Coinone On Friday, Coinone disclosed […]<\/p>\n","protected":false},"author":14,"featured_media":58490,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"OKX and KIS Take 20% Stake in South Korean Crypto Exchange - Bitrabo","description":"Recent developments in the South Korean cryptocurrency market highlight the increasing interest from both local and international investors. OKX and Korea Inves"},"footnotes":""},"categories":[316],"tags":[4625,504,590,4631,19596,2524,1742,622,3135,1262,2824],"class_list":["post-58489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-acquire","tag-crypto","tag-exchange","tag-intensifies","tag-kis","tag-korean","tag-local","tag-okx","tag-race","tag-south","tag-stake"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/58489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=58489"}],"version-history":[{"count":1,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/58489\/revisions"}],"predecessor-version":[{"id":58491,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/58489\/revisions\/58491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/58490"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=58489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=58489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=58489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Investment Trends in South Korea\u2019s Crypto Market<\/h2>\n
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