OKX Ventures invests $53M in South Korea's Coinone exchange
In brief
- OKX Ventures invested $53 million for 19.6% stake in Coinone
- Korea Investment & Securities made identical $53 million investment, becoming joint third-largest shareholder
- Combined $106 million deal subject to regulatory approval
Investment Structure and Ownership
OKX Ventures and Korea Investment & Securities each committed KRW 80 billion ($53 million) to the deal, bringing the combined investment to KRW 160 billion ($106 million). The transaction was structured through a mix of secondary share purchases from existing shareholders and new capital.
Following the investment, Coinone CEO Cha Myunghun will remain the exchange's largest shareholder with a 27.8% stake. Com2uS Holdings and its affiliates will hold 25%. OKX Ventures and Korea Investment & Securities will become joint third-largest shareholders.
Strategic Positioning
The deal formalizes discussions first reported by Yonhap earlier this month. Both investors bring distinct advantages to Coinone's growth trajectory. OKX's global reach and crypto expertise complement Korea Investment & Securities' deep ties to South Korea's traditional financial infrastructure.
The investment remains subject to regulatory approval. Once cleared, it positions Coinone to expand into stablecoins and tokenized securities—areas where the exchange aims to compete in Asia's evolving digital asset landscape.
