South Korea’s Coinone Considers Equity Sale Amid Losses and $52 Million Valuation, Coinbase Among Potential Buyers
Coinone, South Korea’s third-largest crypto exchange, is exploring the sale of shares held by its chairman Cha Myung-hoon, who controls 53% of the company. Coinbase and local financial institutions are reported to be interested, while the exchange faces losses and a book value of around $52 million.
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