You Won’t Believe Who’s Trying to Buy 40% of South Korea’s Top Crypto Exchange!

by

Finance

What to know:

  • OKX, the crypto giant that probably thinks “blockchain” is just a fancy new handshake, is shaking hands with Seoul-based Korea Investment and Securities to grab a slice of Coinone’s pie.
  • They’re each aiming to snatch roughly 20% of the pie-because why settle for a nosebleed seat when you can book the entire balcony?

OKX, one of the world’s largest cryptocurrency exchanges, is teaming up with Seoul-based Korea Investment and Securities to purchase a stake in Coinone, South Korea’s biggest crypto playground, according to Yonhap News.

Each group is eyeing about 20% each. Beautifully equal parts “disruptive innovation” and “most of the market share.”

Instead of snagging existing shares-because repeating history is so last decade-they’ll issue new shares. It’s corporate world magic, folks.

Coinone ranks high in the Korean crypto leaderboard beside Upbit, Bithumb, and CoinW. OKX, which was spun off in China in 2013, has comfortably relocated to San Jose, California, because everyone knows Silicon Valley is the real cryptosphere.

Following in Binance’s giant footsteps-who already purchased Gopax last year and was probably mourning the loss of their original office coffee machine-OKX is eyeing a similar South Korean prank.

While Mirae Asset is doing the same thing as a tradfi company, poking its ears in by chasing Korbit, Korea Investment and Securities is like the sophomore of the finance elite, aiming to prove they’re more than just a slick name on a website.

No public comments from any of the involved parties or their lawyers have been made. Apparently corporate PRs are neutralized by silence or interpreting silence as “great confidence.”

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2026-05-15 15:01