South Korean exchange Coinone sold approximately 4.356 billion won (approximately $3.09 million) worth of virtual assets to Upbit and Korbit between the 8th and 31st of last month. Coinone realized an additional profit of approximately 220 million won due to price increases. The sale was in line with the "Roadmap for Corporate Participation in the Virtual Asset Market" announced by the Financial Services Commission of South Korea in February of this year, which allows non-profit organizations and exchanges to liquidate virtual assets for personnel expenses and tax purposes. Coinone stated that the funds will also be used to cover other operating costs. (News 1)