Major shareholders of South Korean cryptocurrency exchange Coinone are considering selling a portion of their shares.

According to a report by the Seoul Economic Daily on January 26th, Cha Myung-hoon, the major shareholder and chairman of the board of the South Korean cryptocurrency exchange Coinone, is considering selling some of his shares. He holds a total of 53.44% of the shares through his personal company, The One Group (holding 3.430%), and personal shares (19.14%). A Coinone representative stated that they are discussing equity investment and other cooperation plans with overseas exchanges and domestic financial institutions, but the specific details have not yet been determined.