Global cryptocurrency exchange OKX is reportedly seeking to acquire a stake in South Korean exchange Coinone [1].

This potential move represents a strategic attempt by OKX to enter one of the world's most active retail trading markets. By partnering with a domestic entity, the exchange can better navigate South Korea's strict regulatory landscape and compete with established local firms [3].

Reports indicate OKX is in talks to acquire a 20% stake in Coinone [4]. Some reports suggest this move involves cooperation with Korea Investment & Securities [1], though other reports mention the securities firm is reviewing a stake in Coinone without explicitly naming OKX as the buyer [2].

The timing of the reported investment coincides with shifting local oversight. South Korea is reportedly considering a 20% cap on shareholders for major cryptocurrency exchanges [2]. Such a limit would restrict the level of control any single entity, domestic or foreign, could exercise over a platform.

South Korea has long been a priority for global exchanges due to high trading volumes. However, the government has tightened regulations on exchange ownership and operational requirements to protect investors. A minority stake in an existing regulated entity like Coinone would provide OKX with a foothold without requiring the exchange to build a compliant infrastructure from the ground up [3].

Neither OKX nor Coinone has officially confirmed the negotiations. The reports highlight the ongoing tension between global expansion goals and the localized regulatory barriers present in the East Asian market [1].

“OKX is reportedly in talks to acquire a 20% stake in Coinone”

This potential acquisition reflects a broader trend of global crypto firms using minority stakes in local exchanges to bypass the high barriers to entry in regulated markets. If South Korea implements a 20% ownership cap, the proposed stake would align perfectly with the maximum allowable influence, allowing OKX to gain market access while remaining compliant with anticipated local laws.