Coinone denies it is in talks with Coinbase on equity sale.

BlockBeats News, January 27th. According to Beincrypto, the South Korean cryptocurrency exchange platform Coinone has denied that it is in talks with Coinbase regarding a stake sale. A Coinone spokesperson stated, "Rumors of a stake sale are entirely groundless. While we have indeed received collaboration proposals from numerous overseas exchanges and domestic companies, this is only a routine operation of communicating with various parties during the assessment of business expansion possibilities. Interpreting this as a stake sale is not consistent with the facts."

BlockBeats previously reported on January 26th that, according to the Seoul Economic Daily, Cha Myung-hoon, the major shareholder and chairman of the board of the South Korean cryptocurrency exchange platform Coinone, is considering selling part of his holdings. Through his personal company The One Group (holding 3.430%) and personal holdings (19.14%), he collectively holds 53.44% of the shares. Individuals familiar with Coinone stated that they are discussing equity investment and other collaboration plans with overseas exchange platforms and domestic financial institutions, but the specific details have not yet been determined.