Korean cryptocurrency exchange Coinone's major shareholder is considering selling part of its stake

BlockBeats News, January 26th, according to the Seoul Economic Daily, Cha Myung-hoon, the major shareholder and chairman of the board of the South Korean cryptocurrency exchange Coinone, is considering selling part of his stake. He holds a total of 53.44% of the shares through his personal company, The One Group (3.430% ownership), and personal holdings (19.14%). Sources related to Coinone stated that they are in discussions with overseas exchanges and domestic financial institutions regarding equity investment and other partnership opportunities, but the specific details have not been confirmed yet.