Korea Investment & Securities is considering acquiring a stake in cryptocurrency exchange Coinone.

CoinFeed reported on April 3rd that, according to Herald Economy, Korea Investment & Securities (KIC) is considering acquiring a stake in digital asset exchange Coinone to counter rival Mirae Asset Group's acquisition of Korbit. KIC is in discussions with financial authorities and politicians, and has not yet reached an agreement with Coinone representatives on specific terms. Coinone is South Korea's third-largest cryptocurrency exchange, with a double-digit market share, but has suffered losses for three consecutive years. Financial authorities are pushing for restrictions on major shareholders' holdings in exchanges, and a portion of the 53.44% stake held by Coinone representatives is expected to be sold. KIC has previously been relatively inactive in the digital asset sector; this acquisition would make it a "game changer." Coinone stated that no specific cooperation model or partner has been determined.