South Korean cryptocurrency exchange Coinone is moving forward with the sale of a portion of the shares held by its major shareholder and chairman of the board.

Coinone, South Korea's third-largest cryptocurrency exchange, is considering a sale of shares, including a portion of those held by its major shareholder and chairman, Cha Myung-hoon. Cha reportedly holds a total of 53.44% of the shares through his personal company, The One Group, and directly. An exchange spokesperson stated that they are discussing various cooperation options, including equity investment, with overseas exchanges and domestic financial institutions, but specific details have not yet been determined.