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Coinone Explores Potential Sale Amid Korea Crypto Consolidation

Coinone Explores Potential Sale Amid Korea Crypto Consolidation

Author:

Global Cryptocurrency

Published:

2026-01-26 13:18:02

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BTCCSquare news:

South Korea’s third-largest cryptocurrency exchange, Coinone, is weighing strategic options including a partial stake sale by its majority shareholder. Chairman Cha Myung-hoon, who controls 53.44% through personal holdings and Thewon Group, has re-entered operational management—a MOVE analysts suggest could facilitate dealmaking.

The exchange has engaged in preliminary talks with both overseas platforms and domestic financial institutions since late 2025, though no binding agreements exist. This development signals accelerating consolidation in Korea's crypto sector, where regulatory pressures and competitive dynamics are reshaping the landscape.

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