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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
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.
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.
