Written by Ezra Reguerra, Staff WriterReviewed by Bryan O’Shea, Staff EditorSouth Korean brokerage Korea Investment & Securities eyes Coinone stake: Report6 hours agoThe reported acquisition talks come as South Korea is considering a 20% cap on major crypto exchange shareholders, which would force major platforms to restructure ownership. Listen0: 00 Cointelegraph in your social feed South Korean brokerage Korea Investment & Securities (KIS) is reviewing a potential stake in crypto exchange Coinone, according to Korean media reports and company comments, though no deal has been finalized. Citing people familiar with the matter, the Korea Herald reported that KIS started engaging with regulators and politicians as part of a broader process tied to a potential investment in Coinone. Coinone also said no specific transaction had been decided. The news comes as South Korea considers a proposal to cap major shareholders’ stakes in domestic crypto exchanges at 20%, a move that could force ownership changes across parts of the sector if enacted. Coinone Chairman Cha Myung-hoon reportedly controls about 53.44% of the exchange, meaning a stake sale could become one way to adapt if the proposed cap advances into law. The move would position KIS alongside its rival, Mirae Asset Group, which agreed to acquire a controlling stake in crypto exchange Korbit, according to a February filing.
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