ChainCatcher report, according to Herald Economy, Korea Investment Securities is considering acquiring shares in the digital asset exchange Coinone in response to competitor Future Asset’s acquisition of Korbit. Korea Investment Securities is currently in discussions with financial regulators and policymakers, but has not yet reached agreement with Coinone representatives on specific terms. Coinone is South Korea’s third-largest cryptocurrency exchange, holding a double-digit market share, but has posted losses for three consecutive years. Financial regulators are advancing restrictions on major shareholder ownership, and a portion of the 53.44% stake held by Coinone’s representatives is expected to be sold. Korea Investment Securities has been relatively inactive in the digital asset space until now, and this acquisition could position it as a “game-changer.” Coinone has stated that it has not yet determined the specific collaboration model or potential partner.
South Korean investment securities firm considering acquiring stake in Coinone
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Summary
South Korean digital asset news firm Korea Investment & Securities is reportedly in discussions to acquire a stake in Coinone, following rival Future Asset Group’s deal with Korbit. Talks with regulators are ongoing, but no formal agreement has been reached. Coinone, which has incurred three years of losses, may sell a portion of its founder’s 53.44% ownership amid regulatory pressure. The exchange has not confirmed any partnership. A recent hack at a regional platform has intensified scrutiny over security and ownership structures in the sector.
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