Coinbase Weighs Investment In South Korean Exchange Coinone: Report
Coinbase is weighing a possible fairness funding in South Korea’s Coinone, because the nation’s third-largest crypto trade explores choices that embody promoting a part of its controlling shareholder’s stake, in accordance with native media and business sources.
An area outlet reported Sunday that Coinone has put itself available on the market and is discussing situations tied to Chairman Cha Myung-hoon’s holdings, which whole 53.44% by way of his private stake and his holding firm, The One Group.
Speculation round a sale picked up after Cha returned to frontline administration simply 4 months after stepping down as chief government, a transfer that some observers learn as preparation for a stake transaction.
Tech Upgrades Accelerate Even As Losses Weigh On Valuation
Coinone, in the meantime, mentioned Cha stepped again in to sharpen its technological edge because it nears a double-digit market share, constructing out areas akin to synthetic intelligence.
Attention has additionally turned to Com2uS, the gaming group that collected a 38.42% stake in Coinone between 2021 and 2022.
Coinone’s continued losses have weighed on its guide worth, which Seoul Economic Daily put at 75.2B gained, or about $52M, on the finish of the third quarter, under Com2uS’s reported acquisition value.
Against that backdrop, business sources say Coinbase plans to go to South Korea this week and meet main native gamers, together with Coinone, because it seems to be for companions to construct merchandise that match Korean guidelines.
Korea’s Crypto Exchange Sector Sees Surge In Deal Activity
The talks come as dealmaking accelerates throughout South Korea’s crypto trade sector, with conventional finance and massive tech circling licensed platforms and gained buying and selling rails.
Regulators just lately cleared Binance’s long-running effort to take over GOPAX, and the market has since seen a rush of takeover curiosity.
Naver Financial agreed to acquire Dunamu, the operator of market chief Upbit, in an all-stock deal, whereas native media have additionally reported Mirae Asset Securities is pursuing Korbit.
Coinone has tried to distinguish on product in addition to possession, launching what it known as the nation’s first versatile Bitcoin staking service in Aug. 2025, letting customers earn rewards with out locking up their holdings.
Coinone says discussions stay open-ended, and it has not settled on a construction, a timeline or a purchaser. Still, the prospect of a Coinbase tie-up lands at a second when Korea’s trade map is already shifting, and when world gamers are waiting for a approach in.
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