Coinbase Korea Speculation Grows, but Coinone Says No Deal in Sight

Coinone, South Korea’s third-largest cryptocurrency exchange, has denied reports that it is in talks to sell a stake to Coinbase, throwing cold water on speculation that the US exchange giant is making a fresh push into Korea’s liquidity-rich market. The denial underscores how difficult it remains for global exchanges to crack Korea’s tightly regulated crypto sector, even as domestic players undergo rapid consolidation. ‘Completely Groundless’ The rebuttal came after Seoul Economic Daily reported on Jan. 25 that Coinone Chairman Cha Myung-hoon was exploring a partial stake sale, with Coinbase identified as a potential buyer source: https://beincrypto.com/coinbase-korea-coinone-deny/