Korean listed company Gamevil to acquire $ 28 million stake in local Coinone crypto exchange

Korean listed company Gamevil to acquire $ 28 million stake in local Coinone crypto exchange

Source www.theblockcrypto.com

Earlier this year, Gamevil rival Nexon was said to acquire Bithumb, but the company later denied such reports. Bithumb has been looking for a buyer since 2018. 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).

Related Reading With the investment, Gamevil looks to find new business opportunities in the crypto sector and increase corporate and shareholder value.

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  • Korean listed company Gamevil to acquire $ 28 million stake in local Coinone crypto exchange
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