OKX, one of the world's largest cryptocurrency exchanges, has confirmed a $53 million investment to acquire a 20% stake in Coinone, South Korea's established digital asset trading platform, according to The Block.
The strategic investment underscores OKX's expansion into South Korea's regulated crypto market, where Coinone operates as a licensed exchange under the country's regulatory framework. The partnership strengthens OKX's regional presence in Asia and provides access to Coinone's customer base and infrastructure in one of the world's most active crypto trading hubs.
This move reflects intensifying competition among major exchanges to consolidate market share through minority stakes and strategic partnerships rather than full acquisitions. OKX's investment signals confidence in Coinone's operational resilience and positions the exchange to deepen its footprint in South Korea's institutional and retail crypto segments.