POPA ReconOKX Ventures will invest $53M in Coinone to acquire a 19.6% stake
OKX Ventures will invest $53M in Coinone to acquire a 19.6% stake OKX Ventures and Korea Investment & Securities each committed 80B won ($53M) for a 19.6% stake in Coinone - South Korea's #4 crypto exchange. The two are set to jointly become the third-largest shareholders of the South Korean exchange, following Coinone CEO Cha Myung-hun (27.8%) and Com2uS Holdings and affiliated company (25%). KIS plans to push Coinone into Security Token Offerings and stablecoins, while OKX brings its global playbook across 120M+ users - user protection, security, and risk management. 🔗 theblock.co/post/4…
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