Korea Investment & Securities and OKX will jointly acquire a 40% stake in Coinone, with the total amount expected to exceed $300 million.

CoinFeed reported on May 28th that, according to Edaily, Korea Investment & Securities (KIC) will sign an agreement with OKX on the 29th to each acquire a 20% stake in the South Korean cryptocurrency exchange Coinone, totaling 40%. The total acquisition amount is estimated to be between 500 billion and 600 billion won (US$332 million to US$398 million). The acquisition will primarily be conducted through a new share issuance, and the existing major shareholders' management will remain unchanged. Through this acquisition, KIC will advance its digital asset business, including token issuance and circulation, attracting corporate clients, and large-scale brokerage.