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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 Ventures Invests $53 Million in Korea's Coinone Exchange

What happened: OKX Ventures and Korea Investment & Securities have each committed 80 billion won (approximately $53 million) to South Korean exchange Coinone.

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

What happened: OKX Ventures and Korea Investment & Securities have each committed 80 billion won (approximately $53 million) to South Korean exchange Coinone. The investment aims to support Coinone's expansion into stablecoins and tokenized securities.

Why it matters: This move underscores the intensifying competition among global crypto firms to gain exposure in the South Korean market, known for its active retail trading base and regulatory evolution. The focus on stablecoins and tokenized securities suggests a strategic pivot toward regulated digital assets and new revenue streams.

Source: CoinDesk