Coinbase is weighing a possible fairness funding in South Korea’s Coinone, because the nation’s third-largest crypto trade explores choices that embrace promoting a part of its controlling shareholder’s stake, in accordance with native media and trade 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 complete 53.44% by means of his private stake and his holding firm, The One Group.
Hypothesis 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 Speed up Even As Losses Weigh On Valuation
Coinone, in the meantime, stated Cha stepped again in to sharpen its technological edge because it nears a double-digit market share, constructing out areas equivalent to synthetic intelligence.
Consideration has additionally turned to Com2uS, the gaming group that gathered a 38.42% stake in Coinone between 2021 and 2022.
Seoul Financial Each day reviews that South Korea's third-largest crypto trade Coinone is up on the market. Main shareholder and chairman Cha Myung-hoon is contemplating promoting a part of his stake and exploring different choices. Coinbase will go to Korea this week to debate fairness…
— Wu Blockchain (@WuBlockchain) January 26, 2026
Coinone’s continued losses have weighed on its e book worth, which Seoul Financial Each day put at 75.2B gained, or about $52M, on the finish of the third quarter, under Com2uS’s reported acquisition value.
Towards that backdrop, trade 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 Change Sector Sees Surge In Deal Exercise
The talks come as dealmaking accelerates throughout South Korea’s crypto trade sector, with conventional finance and large tech circling licensed platforms and gained buying and selling rails.
Regulators not too long ago cleared Binance’s long-running effort to take over GOPAX, and the market has since seen a rush of takeover curiosity.
Naver Monetary agreed to accumulate 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 referred to 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. Nonetheless, the prospect of a Coinbase tie-up lands at a second when Korea’s trade map is already shifting, and when international gamers are looking forward to a means in.
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