OKX in Talks to Take ~20% Stake in South Korea's Coinone Alongside Korea Investment & Securities!

OKX, the world's second-largest offshore crypto exchange, is in active discussions to co-invest in Coinone, South Korea's third-largest crypto exchange, alongside Korea Investment & Securities. According to Yonhap News, both parties are each eyeing a roughly 20% stake through a new share issuance structure — a deal that would give OKX a meaningful foothold in one of the world's most active retail crypto markets.

Coinone confirmed it is in talks with multiple companies regarding strategic equity investment partnerships, but stressed that no final agreement has been reached. The involvement of Korea Investment & Securities — a major domestic financial institution — signals that this is a structured, compliance-aware approach to entry rather than a simple offshore acquisition.

For OKX, a stake in Coinone would represent a significant step toward regulated access to South Korean retail…