What is Korea Investment & Securities doing with Coinone?

KIS is reviewing a potential stake purchase in Coinone, likely as part of South Korea's proposed ownership cap rules that would force major shareholders to reduce stakes from over 50% to a maximum of 20%.

Will South Korea's 20% ownership cap become law?

The government and ruling party agreed on the proposal in March, but it still needs to pass legislative approval. If passed, exchanges would have three years to comply with the new ownership structure.

How does this compare to other crypto deals in South Korea?

Mirae Asset Group already secured a controlling stake in Korbit under similar pressures. Naver Financial's larger $10.3 billion acquisition of Dunamu is currently stalled due to regulatory delays and declining trading volumes.

Can Coinone's chairman keep control if he sells his stake?

Yes. The proposal only caps ownership percentage, not management control, so Cha Myung-hoon could theoretically sell down his stake and retain operational leadership.

🔗 Crypto & Blockchain

Korea Investment & Securities Eyes Coinone Stake as Seoul Pushes Ownership Cap

Korea Investment & Securities is quietly circling Coinone. But here's what nobody's talking about: this deal isn't really about the money—it's about the government forcing the issue.

Fintech Dose Apr 03, 2026 5 min read

Seoul financial district skyline with cryptocurrency exchange logos, representing Korea's regulatory reshape of digital asset ownership

⚡ Key Takeaways

South Korea's proposed 20% ownership cap on crypto exchanges is forcing major shareholders like Coinone's Cha Myung-hoon to offload stakes, creating acquisition opportunities for brokerages like KIS. 𝕏
This is consolidation through regulation: big institutional players (KIS, Mirae Asset) are moving into crypto not because they love the technology, but because forced sales are creating openings they can exploit. 𝕏
Larger deals like Naver Financial's $10.3 billion Dunamu acquisition are stalling on regulatory friction, while smaller, quieter stakes like KIS's approach to Coinone may prove more efficient. 𝕏
The real story isn't fintech innovation—it's how government policy transforms a founder-led market into one dominated by institutional capital and compliance frameworks. 𝕏

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Fintech Dose

Markets. Money. Innovation.

#Coinone stake #Korea Investment Securities #South Korea regulation #crypto ownership cap #exchange consolidation

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Originally reported by Cointelegraph

⚡ Key Takeaways

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