Coinone, one of the primary virtual asset exchanges in South Korea, is reportedly engaged in discussions to sell a substantial stake currently held by a major shareholder. According to reports from local financial media and industry insiders, the company is actively negotiating with several prominent overseas cryptocurrency exchanges and institutional investors regarding the potential acquisition. This move involves a significant block of shares, though the precise percentage has not been publicly confirmed. Analysts suggest that the sale reflects ongoing restructuring efforts within the highly regulated South Korean crypto market. An acquisition by an international exchange would mark a notable strategic shift for Coinone, potentially providing capital for expansion and strengthening its position amidst fierce competition and evolving domestic regulations regarding anti-money laundering (AML) and user protection standards.
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South Korea’s Coinone selling major stakeholder shares, in talks with overseas crypto exchanges: report
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