Korea Investment & Securities has entered preliminary talks to buy an equity stake in Coinone, South Korea’s third-largest crypto exchange, the Herald Economy reports. The potential tie-up highlights rising institutional interest from traditional brokers in the local crypto industry.
Ripple’s RLUSD has been listed on Coinone, giving South Korean users direct KRW access to the stablecoin. The move advances Ripple’s push to scale RLUSD across regulated markets and grow liquidity-driven use cases.
Ripple USD (RLUSD), a fully reserved, enterprise-grade stablecoin, will list on South Korea's Coinone exchange on Wednesday, April 1, 2026, trading directly against the Korean won (KRW). The move could boost liquidity and adoption across the XRP ecosystem.
Coinone has denied reports that it is negotiating a stake sale with Coinbase, undercutting speculation that the U.S. exchange is moving to enter South Korea’s deep-liquidity market. The rebuttal cools expectations of a quick foreign takeover in a market that has been drawing international attention.