Coinone: "Rumors of a major shareholder stake sale are untrue"
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Summary
- Coinone said claims surrounding a major shareholder stake sale are unfounded.
- Coinone explained that cooperation talks with overseas exchanges and domestic financial firms were merely interpreted as a stake sale.
- A Coinone official said there is no scheduled meeting regarding the possibility of an equity investment with Coinbase, the largest crypto exchange in the U.S.
Coinone, a local crypto asset exchange, said claims related to a sale of the major shareholder’s stake are unfounded.
On the 26th, a Coinone official told Bloomingbit by phone, "We are not considering selling Chairman Cha Myung-hoon’s stake at all," adding that "some parts of the articles are not true."
Coinone explained that talks over cooperation with overseas exchanges and domestic financial firms were broadly interpreted as a "stake sale" and led to reports. The official said, "It is true that we are discussing cooperation measures with overseas exchanges and domestic financial institutions, but linking this to equity investment or a sale is a distortion."
The company also drew a line on the possibility of an equity investment involving Coinbase, the largest crypto exchange in the U.S. A Coinone official said, "There isn’t even a scheduled meeting with Coinbase."
Earlier, some reports said Coinone was discussing various forms of a sale, including the disposal of part of Chairman Cha Myung-hoon’s stake, and that Coinbase would visit South Korea this week to hold meetings with local firms such as Coinone.
