South Korea’s Coinone exchange denies Coinbase takeover talks

Coinone, a South Korean crypto exchange, says there is no truth in reports it will meet Coinbase executives to discuss a takeover this week, after reports that the US exchange was eyeing an acquisition deal. Coinbase executives tabled a meeting with Coinone after the latter’s CEO Cha Myung-hoon indicated a willingness to sell his controlling 54% stake in the exchange, sources told Seoul Kyungjae, a major South Korean newspaper, on Sunday. “These reports are untrue,” said a Coinone spokesperson, as repor ...