“We’re looking at a future where we can trade coins (virtual assets) with securities company accounts, and we can trade stocks on the coin exchange. The starting point is a four-way alliance with Korea Investment & Securities, OKX and Com2uS Holdings.”
Coinone CEO Cha Myung-hoon recently met with Mail Business at Coinone’s headquarters in Yeouido, Seoul, and announced a blueprint to evolve into a comprehensive financial platform. This is the first time Coinone has revealed it in public since it attracted 80 billion won worth of strategic equity investments in about 20% of its stake in Korea Investment & Securities and global virtual asset exchange OKX, respectively.
The focus of the formation of a “four-way alliance” formed by Coinone, Korea Investment & Securities, OKX, and Com2uS Holdings is on the future value of Coinone, not its present value.
CEO Cha said, “Considering the domestic financial regulatory environment, we found an optimal partner called OKX to transfer technology verified in Korea Investment & Securities and the U.S. market.”
Since attracting investment, Coinone has been expanding its product manager (PO) hiring. Regarding the background of the recruitment, CEO Cha said, “What I thought about at the same time as attracting investment was to increase the density of talent,” adding, “The area that needs reinforcement most urgently is the product, so we are hiring intensively.” Coinone plans to increase linked services and products in cooperation with shareholders.
As for the plan for cooperation with Korea Investment & Securities, the mid- to long-term blueprint was disclosed for the first time on the premise of overhauling the legislation. CEO Cha said, “We are planning a mid- to long-term service of trading virtual assets of Coinone at Korea Investment & Securities and trading shares of Korea Investment & Securities at Coinone.” Coinone plans to expand its contact point with global individual investors through cooperation with OKX in web3 wallet service.
Coinone’s short-term management goals were also disclosed for the first time since the launch of the four-way alliance. “Our goal is to achieve a stable double-digit, or 10 percent, transaction share in the local won virtual asset market within this year,” Cha said.
Coinone has also set a goal to raise the monthly active user number (MAU), which reached a maximum of 320,000 as of January this year, to 1 million by the end of the year.
[Reporter Ahn Gap-sung / Reporter Jonghwa Lee / Reporter Kim Jae-hoon]