Korea Investment & Securities considers acquiring shares of the cryptocurrency exchange Coinone

ME News, April 3 (UTC+8): Korea Investment & Securities is considering acquiring shares in the digital asset exchange Coinone to respond to the transaction in which its competitor, Mirae Asset Group, is expected to acquire Korbit. Korea Investment & Securities is currently communicating with financial regulators and political circles, and it has not yet reached agreement with Coinone representatives on specific terms. Coinone is the third-largest cryptocurrency exchange in South Korea, with a market share in the double digits, but it has posted losses for three consecutive years. Financial regulators are moving forward with limits on major shareholders’ holdings in exchanges, and among the 53.44% shares held by Coinone representatives, some are expected to be sold. Korea Investment & Securities has previously taken relatively limited action in the digital asset space, and this acquisition would make it a “game changer.” Coinone said it has not yet determined the specific cooperation model or partner. (Source: ChainCatcher)