W3BStation
Markets
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%
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%
05/29/2026

OKX Acquires 20% Stake in Coinone, Following Binance’s Korean Expansion

What happened: OKX confirmed a $53 million investment to acquire a 20% stake in Coinone.

OKX Acquires 20% Stake in Coinone, Following Binance’s Korean Expansion

What happened: OKX confirmed a $53 million investment to acquire a 20% stake in Coinone. This follows Binance’s earlier acquisition of Gopax, underscoring a trend of major exchanges targeting the Korean market for strategic expansion.

Why it matters: The deal signals intensifying competition among global exchanges in Asia’s most active markets. With Binance and OKX both securing local footholds, Korean exchanges may see increased foreign capital and technological collaboration, but also greater regulatory scrutiny.

Source: The Block