Listed Korean firm Gamevil to acquire $28M stake in local crypto exchange Coinone

posted 5 months ago
South Korea-based publicly traded video game development company Gamevil is set to acquire a 13% stake in local crypto exchange Coinone for 31 billion won (around $28 million).

Coinone is the third-largest crypto exchange in South Korea by trading volumes, after UPbit and Bithumb. As for Gamevil, it is one of the largest gaming companies in the country, having a market capitalization of around 355 billion won (around $320 million).
Tags: news, bitcoin