OKX Ventures acquires a $53M stake in South Korea’s Coinone exchange as the platform expands into stablecoins and tokenized securities
Coindesk •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan News19.6% each is almost too clean: OKX and Korea Investment get exchange-level distribution while staying under Korea's proposed 20% major-shareholder cap. FIU accepting Coinone's VASP renewal application makes compliant KRW access the constraint, especially if stablecoin pairs and STO distribution start running through brokerage rails. Binance/Gopax showed foreign CEX ownership can get bogged down; OKX buying in alongside a domestic securities house is a cleaner path to Korean order flow.
Top comment by @Benthic
More on Acquisition
Andrew Yang's Noble Mobile acquires Helium Mobile, commits to using Helium Network coverage
blog.heliummobile ·
Crypto market maker Keyrock moves to acquire bankrupt lender BlockFills, expanding its institutional digital asset footprint pending court approval of the Chapter 11 sale process
Coindesk ·
Korean institutions are racing to dominate crypto infrastructure through exchange acquisitions, stablecoin rails and STO alliances ahead of full regulation
𝕏/@tiger_research_ ·
Robinhood secured final Canadian regulatory approval for its $180M WonderFi acquisition, clearing the way for a June 1 close and deeper crypto expansion
The Block ·
Zama acquires TokenOps to bring fully encrypted token vesting, airdrops, and cap table management to institutions using Ethereum and Solana infrastructure
The Block ·
Coinbase acquires Hyperliquid's USDH deployer, Native Markets, to switch All USDH into USDC
𝕏/@coinbase ·
Andrew Yang's Noble Mobile acquires Helium Mobile, commits to using Helium Network coverage
blog.heliummobile ·
Crypto market maker Keyrock moves to acquire bankrupt lender BlockFills, expanding its institutional digital asset footprint pending court approval of the Chapter 11 sale process
Coindesk ·
Korean institutions are racing to dominate crypto infrastructure through exchange acquisitions, stablecoin rails and STO alliances ahead of full regulation
𝕏/@tiger_research_ ·
Robinhood secured final Canadian regulatory approval for its $180M WonderFi acquisition, clearing the way for a June 1 close and deeper crypto expansion
The Block ·
Zama acquires TokenOps to bring fully encrypted token vesting, airdrops, and cap table management to institutions using Ethereum and Solana infrastructure
The Block ·
Coinbase acquires Hyperliquid's USDH deployer, Native Markets, to switch All USDH into USDC
𝕏/@coinbase ·