coinone

According to TokenPost, Park Seung-jin, head of the Digital Asset Strategy Department at Korea Investment & Securities, stated in an interview with Yonhap Infomax that the company is preparing to move beyond fragmented investments in the token securities market and enter the tokenization of standardized securities such as stocks and bonds. If regulations allow, the company hopes to leverage its experience as an early entrant in the issuance of notes, IMAs, and other areas to become the first institution to enter this market.Park Seung-jin emphasized that even with significant first-mover advantages in the market, it is essential to prioritize discovering and supplying products that can win customer trust. The company will rely on the capabilities accumulated by its investment banking headquarters, project financing department, and investment products department to provide trustworthy products for investors. The Digital Asset Strategy Department started last year with a special task force and was officially established at the beginning of this year, focusing on token securities, stablecoins, and collaboration with Coinone.Korea Investment & Securities is entering the digital asset market by investing in Coinone shares. Park Seung-jin believes that the virtual asset sector should be led by trading platforms that are more familiar with the business, with both parties collaborating. Current collaboration has begun with providing domestic stock investment information from Korea Investment & Securities in the Coinone app, while simultaneously reviewing internal controls and security. The formal cooperation is expected to commence after the passage of the Digital Asset Basic Law currently under review in the National Assembly. The company is also paying attention to stablecoins, viewing them as a convenient payment method, and is researching solutions for settling other goods.

According to CoinDesk, South Korea's major brokerage firm Korea Investment & Securities (KIS) and the investment institution OKX Ventures under the cryptocurrency exchange OKX officially signed an agreement on May 29, with both parties investing 80 billion won (approximately 53 million USD) each to acquire 19.6% of the shares of the South Korean cryptocurrency exchange Coinone (a total of 39.2%). This transaction is still pending approval from regulatory authorities.It is reported that the total transaction amount of 160 billion won will be conducted through a combination of purchasing existing shares and subscribing to new shares. After the transaction is completed, Coinone's founder and CEO Cha Myunghun will hold 27.8% of the shares, continuing to maintain the status of the largest shareholder and retaining management control; Com2uS Holdings and its affiliates will hold 25%; Korea Investment & Securities and OKX Ventures will jointly become the third-largest shareholders.Korea Investment & Securities stated that it will rely on this equity cooperation to promote the issuance and distribution of tokenized securities (STO), expand corporate virtual asset investment clients, and develop digital asset businesses such as bulk brokerage. In addition, recently, as South Korean regulatory authorities hinted at relaxing the principle of financial asset separation, several traditional financial giants in South Korea, including Samsung Securities and Hana Bank, have been accelerating their efforts to acquire shares in virtual asset exchanges.

Korea Investment & Securities (KIS) will sign an agreement with OKX on May 29, with both parties acquiring 20% of the South Korean cryptocurrency exchange Coinone, totaling a 40% acquisition.Reports indicate that the total amount of this transaction is expected to be between 500 billion and 600 billion Korean won (approximately 332 million to 398 million USD), primarily completed through the issuance of new shares, while the operational rights of existing major shareholders will remain unchanged.Korea Investment & Securities stated that it will promote token securities issuance and circulation, corporate client expansion, and large-scale brokerage in digital asset business based on this acquisition in the future.

According to the Korea Herald, Korea Investment & Securities is jointly promoting a plan with OKX to acquire approximately 20% of Coinone's shares, with both parties planning to acquire about 20%, primarily through the issuance of new shares. This investment is mainly financial and is expected not to involve a change in management rights. However, there are opinions in the industry that OKX may seek to participate in management and gain substantial influence in the future, which would make it the second case of a large foreign exchange attempting to control the management rights of a Korean original currency exchange after Binance's acquisition of Gopax.Currently, the main shareholders of Coinone are: The One Group holds 34.30%, Com2uS Holdings holds 21.95%, founder and CEO Cha Myung-hoon holds 19.14%, and Com2uS Plus holds 16.47%.

The South Korean cryptocurrency exchange Coinone has filed a lawsuit against the penalties imposed by the Financial Intelligence Unit (FIU) of South Korea and has applied to the Seoul Administrative Court for a stay of execution, attempting to suspend the relevant measures before the sanctions take effect.The core content of this sanction is to restrict new users from depositing and withdrawing cryptocurrency assets to external exchanges. Previously, the FIU imposed a three-month partial business suspension and a fine of 5.2 billion won on Coinone for violating specific financial information laws.

According to South Korean media Edaily, the Financial Intelligence Unit (FIU) of South Korea has determined that the cryptocurrency exchange Coinone violated obligations related to the Specific Financial Information Act after completing an on-site inspection. It decided to impose a partial business suspension for 3 months and a fine of approximately $3.56 million (5.2 billion won), with the suspension period from April 29 to July 28. During the suspension, new customers are restricted from external transfers of virtual assets (deposits and withdrawals), while existing customers can continue trading normally. In addition, the FIU issued a "warning reprimand" to Coinone's CEO, Cha Myung-hoon.The FIU stated that Coinone assisted 16 unregistered overseas virtual asset businesses in completing 10,113 asset transfer transactions in violation of regulations and failed to cooperate after regulatory authorities repeatedly requested to stop related transactions; there were approximately 40,000 violations in customer identity verification, including accepting documents that could not be verified for authenticity and reviewing customer address information that was incomplete; there were about 30,000 violations of trading restriction obligations, involving allowing transactions for users whose identity verification had not yet been completed. Coinone stated that it takes this sanction seriously and is advancing rectification, and whether to file an administrative lawsuit will be decided after careful consideration by the board of directors.

According to Herald Economy, Korea Investment & Securities is considering acquiring shares in the digital asset exchange Coinone to respond to competitor Future Asset Group's acquisition of Korbit. Korea Investment & Securities is currently communicating with financial authorities and political circles, and has not yet reached an agreement on specific terms with Coinone representatives.Coinone is the third-largest cryptocurrency exchange in South Korea, with a market share in the double digits, but has reported losses for three consecutive years. Financial authorities are advancing restrictions on major shareholders of exchanges, and some of the 53.44% shares held by Coinone representatives are expected to be sold. Korea Investment & Securities has previously been less active in the digital asset space, and this acquisition would make it a "game changer." Coinone stated that it has not yet determined the specific cooperation model or partner.

According to market news, South Korea's leading brokerage, Korea Investment & Securities, is conducting a preliminary review for the acquisition of shares in Coinone, the country's third-largest cryptocurrency exchange. They are currently working to persuade financial regulatory authorities and the National Assembly's Administrative Committee, following a path similar to that of Mirae Asset Group's acquisition of Korbit.The current CEO of Coinone, Cha Myung-hoon, holds 53.44% of the shares, but the upcoming regulatory new rules may set the upper limit for major shareholders' holdings at 15% - 20%, creating an entry window for external buyers.

According to News1, the ruling party in South Korea, the People Power Party, will hold a closed-door meeting at the Coinone headquarters with representatives from the five major cryptocurrency exchanges: Upbit, Bithumb, Coinone, Korbit, Gopax, and DAXA.The purpose of this meeting is to discuss proposals for the abolition of the virtual asset tax system originally scheduled to be implemented in January 2027, and to hear relevant suggestions regarding the issuance of stablecoins and the preparation of the second phase of legislation.Previously, the party whip Song Yeon-sik proposed on March 19 the "Partial Amendment to the Income Tax Act" to abolish the virtual asset income tax, arguing that in the context of the abolition of the financial investment income tax, continuing to tax virtual assets raises issues of fairness and double taxation, and that consistency in the tax system should be maintained.

South Korea's third-largest cryptocurrency exchange, Coinone, firmly denied reports of negotiations with Coinbase for a stake sale, calling them "baseless." Previously, the Seoul Economic Daily reported that Coinone's chairman, Cha Myung-hoon, was exploring a partial stake sale, with Coinbase listed as a potential buyer. Despite the denial, Coinone's second-largest shareholder, Com2uS Holdings, saw its stock price soar 17% on Monday, reflecting the market's sensitivity to mergers and acquisitions.The Financial Services Commission of South Korea has suggested setting a cap on major shareholders' stakes at 15-20%. Cha Myung-hoon currently holds a 53.44% stake, and if the regulation takes effect, he will be forced to reduce his holdings.

According to the Seoul Economic Daily, South Korea's third-largest cryptocurrency exchange Coinone is seeking to sell a portion of its shares. Major shareholder Chairman Cha Myung-hyun (holding 53.44%) is considering selling part of his stake and is in discussions with overseas exchanges and domestic financial institutions for collaboration.Market rumors suggest that the second-largest shareholder Com2us (holding 38.42%) may also sell its shares. The largest exchange in the U.S., Coinbase, has expressed strong interest in the South Korean market and plans to meet with major companies in Korea.

According to Arkham data, at 10:30, 2,432 ETH (worth approximately 7.63 million USD) was transferred from Coinone to an anonymous address (starting with 0x7a98...).

According to official news, BGB has officially launched on the Korean trading platform Coinone, and the recharge and trading functions are now open. It is reported that Upbit, Bithumb, and Coinone are listed as the three core trading platforms in Korea. This launch on Coinone will help further enhance the liquidity and availability of BGB.

According to Arkham data, at 09:52, 58.0746 million PEPE (worth approximately 2.78 million USD) was transferred from Coinone to an anonymous address (starting with 0x94fBdC...).

ChainCatcher news, according to News 1, the South Korean exchange Coinone sold virtual assets worth approximately 4.356 billion won (about 3.09 million USD) to Upbit and Korbit between the 8th and 31st of last month.Benefiting from the price increase, Coinone realized an additional profit of about 220 million won. This sale aligns with the "Roadmap for Corporate Participation in the Virtual Asset Market" announced by the Financial Services Commission of South Korea in February this year, allowing non-profit organizations and exchanges to liquidate virtual assets for personnel costs and tax expenditures.Coinone stated that the related funds will also be used to cover other operating costs.

ChainCatcher news, according to the official announcement, South Korea's third-largest exchange Coinone will open the PARTI/KRW trading pair at 12:00 local time on August 21 (Thursday).Previously, Particle Network announced the narrative upgrade to a universal trading layer for RWA and stablecoins, and has listed on South Korea's second-largest exchange Bithumb, as well as Europe's largest fintech company Revolut.