Overview
- Unnamed industry sources say Coinbase executives will visit South Korea this week for meetings that include Coinone.
- Coinone says it is discussing partnerships, including equity investments, with foreign exchanges and local financial firms, while stating no decision has been made on any sale.
- Seoul Economic Daily reports that options under review involve part of Chairman Cha Myung-hoon’s roughly 53.4% controlling stake, with some sources describing early due diligence.
- Market watchers say Com2uS’s approximately 38.4% holding could also figure in talks, though no transaction has been confirmed.
- The interest follows a pickup in Korean crypto dealmaking after regulators cleared Binance’s GOPAX takeover, with reported moves around Naver–Dunamu and Mirae Asset–Korbit, as Coinone contends with losses that cut its Q3 2025 book value to about 75.2 billion won.