Korea Investment & Securities plans to acquire shares of Coinone

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.