OKX has confirmed a KRW 80 billion (about $53M) investment to acquire a roughly 20% stake in South Korean crypto exchange Coinone, pending regulatory approval. The deal runs alongside Korea Investment & Securities, which is taking a matching ~20% stake, bringing the combined sum to ~$106M.

The transaction is structured mainly through a new share issuance rather than existing share sales, a setup designed to maximize fresh capital inflows into Coinone. The current management team is not expected to change as a result.