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Coinone Raises 160 Billion Won from Korean Securities Firms on July 8, Valued at 4 Trillion Won

2026-07-08 00:23:34

According to Yonhapinfomax, Coinone, a major South Korean crypto exchange, raised 160 billion won (approximately $120 million) in strategic investment on July 8, securing a company valuation of around 4 trillion won. Korea Investment & Securities and OKX Ventures each invested 80 billion won for roughly 20% equity stakes, with approximately 55 billion won raised through new share issuance. The deal marks a shift in sentiment among Korean financial institutions toward digital asset infrastructure, as traditional finance increasingly views crypto platforms not as speculative trading venues but as essential blockchain infrastructure for tokenized securities and decentralized finance operations.

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Lucas Bennett17h ago

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