Altcoins News
By Julie Binoche
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Why Traditional Finance Wants Crypto. The move makes sense financially. Korea Investment & Securities pulled in over $1.
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The 20% Cap Problem. Here's the thing about that 20% ownership cap proposal.
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Korea Investment & Securities wants in. The major South Korean brokerage is eyeing a potential stake in cryptocurrency exchange Coinone, according to local financial reports…
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No deal's done yet. Sources close to the discussions say both companies are still talking, but nothing's been signed or finalized.
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The move makes sense financially. Korea Investment & Securities pulled in over $1.3 billion in net profit last year, giving it plenty of cash to make big moves.
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And Korea Investment & Securities isn't alone in this crypto push. Mirae Asset Group bought rival exchange Korbit for $92 million earlier this year, basically announcing that…
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The regulatory landscape keeps shifting. Securities token rules in South Korea are evolving fast, and companies that don't adapt risk getting left behind.
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Coinone's been around since 2014. It's one of the bigger players in South Korea's domestic crypto scene, handling decent trading volumes and serving as a major on-ramp for Korean…
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Here's the thing about that 20% ownership cap proposal. If it passes, Cha Myung-hoon will have to sell off a huge chunk of his Coinone holdings.
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That creates an opportunity. Korea Investment & Securities could swoop in and buy a meaningful stake while helping Coinone comply with new rules.
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But regulatory uncertainty makes everything murky. Nobody knows for sure if the 20% cap will actually become law or when it might take effect.
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The Korean crypto market has been wild lately. Regulatory changes keep coming, and exchanges are trying to figure out how to stay compliant while keeping their business models…
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Neither Korea Investment & Securities nor Coinone responded to requests for comment about the potential deal.
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The financial community is watching closely. If Korea Investment & Securities pulls off a Coinone stake purchase, other brokerages might follow with their own crypto exchange…
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Coinone faces strategic choices here. Selling a stake to a traditional financial firm could bring stability and regulatory expertise, but it might also mean giving up some…
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