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Coinbase thinks that it is possible to invest in the shares of the South Korean company Coinone, as the world’s third largest cryptocurrency exchange is looking at options including selling part of the control of the stock price, according to local media and industry sources.
I mentioned A local newspaper reported on Sunday that Coinone has sold itself and is negotiating a deal related to that of chairman Cha Myung-hun, which stands at 53.44% through his stake with his company, The One Group.
Speculation about a sale grew after he returned to executive management just four months after stepping down as CEO, a move that some interpreted as the start of a sale.
The pace of technological change is increasing even at the expense of price loss
Meanwhile, Coinone said that Cha has returned to take a leadership role to strengthen its technology as it approaches a 10% market share, creating areas such as artificial intelligence.
Interest has also turned to Com2uS, a gaming group that acquired a 38.42% stake in Coinone between 2021 and 2022.
Coinone’s continuous losses have weighed on its book value, which the Seoul Economic Daily valued at 75.2 billion won, or about $52 million, at the end of the third quarter, which is less than the purchase price of Com2uS.
Against this background, company sources say that Coinbase plans to go to South Korea this week and meet with major players in the region, including Coinone, while looking for partners to create products that comply with Korean laws.
The cryptocurrency exchange sector in Korea is witnessing a significant increase in trading activity
The discussion comes at a time when cooperation is increasing in the South Korean cryptocurrency exchange sector, with traditional financial companies and large technology companies surrounding the legal platforms and winning (KRW) methods/methods.
Regulators recently approved Binance’s long-running push to acquire GOPAX, and the market has seen a surge of interest in the acquisition.
Naver Financial has agreed to acquire Dunamu, the market leader of Upbit, for a full transaction, while local media reported that Mirae Asset Securities is interested in acquiring Korbit.
Coinone has tried to separate products from ownership, launching what it calls the world’s first revolutionary bitcoin staking service in August 2025, allowing users to earn rewards without freezing their assets.
Coinone guarantees that the negotiations remain open, and are not yet based on the plan, time or buyer. However, the prospect of a partnership with Coinbase comes at a time when the Korean trading market is changing, and at a time when players around the world are waiting for opportunities to enter.
A note Coinbase is considering selling coins to South Korea’s CoinOne exchange: report appeared for the first time Cryptonews Arabic.
