OKX said to pursue 20% stake in South Korean crypto exchange Coinone

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Coinone is one of the important players in the local digital asset market.

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OKX, the prominent crypto exchange backed by Intercontinental Exchange (ICE), and Korea Investment & Securities (KIS), the main brokerage subsidiary of Korea Investment Holdings, are weighing approximately 20% stakes each in Coinone, according to Yonhap News.

Founded in 2014, Coinone is a centralized crypto exchange operating out of Seoul that serves primarily South Korean users. It supports trading across a wide range of digital assets while providing services including fiat deposits, crypto wallets, and account security protections.