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05/29/2026

OKX Ventures Invests $53 Million in Korea's Coinone Exchange

What happened: OKX Ventures and Korea Investment & Securities have each committed 80 billion won (about $53 million) to acquire stakes in Coinone, a major South Korean crypto exchange.

OKX Ventures Invests $53 Million in Korea's Coinone Exchange

What happened: OKX Ventures and Korea Investment & Securities have each committed 80 billion won (about $53 million) to acquire stakes in Coinone, a major South Korean crypto exchange. The investment is intended to support Coinone’s expansion into stablecoins and tokenized securities.

Why it matters: This move highlights the growing competition among global crypto firms to establish a presence in South Korea, a market with robust trading volumes and regulatory momentum. The focus on stablecoins and tokenized securities suggests Coinone is positioning itself for compliance and future growth as digital asset regulations evolve in the region.

Source: CoinDesk