Overview
- Korea Investment & Securities, in reports published Friday, began due diligence on a potential Coinone stake and opened talks with regulators.
- The brokerage said no deal is set and market sources describe discussions as early with pricing and structure still under review.
- South Korea has proposed a 20% limit on any major owner of a crypto exchange with a three-year window to comply, a change that could require Coinone’s chairman to sell down from about 53%.
- Coinone confirmed talks with several potential investors and said it has not chosen a partner after earlier sale efforts stalled over valuation gaps.
- Rivalry for exchange assets is rising as Mirae Asset bought Korbit for about $92 million this year, and KIS points to roughly $1.3 billion in 2025 profit as capacity to compete.