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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/30/2026

OKX Acquires 20% Stake in Coinone, Following Binance's Gopax Deal

What happened: OKX confirmed its $53 million investment secures a 20% stake in Coinone, marking another major international exchange entering the Korean market.

OKX Acquires 20% Stake in Coinone, Following Binance's Gopax Deal

What happened: OKX confirmed its $53 million investment secures a 20% stake in Coinone, marking another major international exchange entering the Korean market. This follows Binance's acquisition of local exchange Gopax, signaling a broader trend of consolidation and strategic partnerships in the region.

Why it matters: The influx of foreign capital and expertise could accelerate innovation and regulatory engagement in South Korea's crypto sector. However, it also raises questions about market concentration and the influence of global players on local compliance standards.

Source: The Block