Trending Now - OKX Pursues 20% Stake in South Korean Exchange Coinone

WHO:

Cointelegraph - OKX, a global crypto exchange, is involved in discussions.

Bitcoinist - Coinone, one of South Korea's five licensed crypto exchanges, is the target of the acquisition.

WHAT:

Cointelegraph - OKX is reportedly seeking a 20% stake in Coinone.

Bitcoinist - The acquisition would mark OKX's most significant strategic foothold in South Korea's digital asset market.

WHERE:

Cointelegraph - The discussions are taking place in South Korea.

WHEN:

Bitcoinist - The report by Yonhap News Agency was published on May 15.

WHY:

Cointelegraph - The move is part of a competition among foreign and domestic firms for market access in South Korea.

HOW:

Bitcoinist - OKX is in discussions to acquire the stake, indicating a strategic approach to entering the market.

(UPDATED May 15, 2026 13:29 UTC)

OKX is reportedly in discussions to acquire a 20% stake in Coinone, one of South Korea's five licensed crypto exchanges, marking its most significant strategic move in the country's digital asset market. The discussions are taking place in South Korea as part of a competitive effort among foreign and domestic firms to gain market access. This potential acquisition highlights OKX's strategic approach to entering the South Korean market.