OKCoin Korea Exchange Launched

According to the company, users can quickly and safely buy and sell bitcoins for Korean won on a new platform
03 April 2018   592

The team of OKCoin announced the launch of the same-name cryptocurrency platform for trading in South Korea. The new site was called OKCoin Korea.

Okcoin Korea
Okcoin Korea

According to the company, users can quickly and safely buy and sell bitcoins for Korean won on a new platform.

A year ago, OKCoin was on the list of the world's largest crypto exchanges, but under the pressure of the Chinese authorities it was forced to actually turn down the work.

In parallel, the company launched the international exchange OKEx, which is now in the top five of the largest crypto exchanges, outperforming in terms of trading volumes such sites as Bitfinex, Buthumb and Bittrex.

OKCoin CEO to Acquire LEAP Holdings Group

OKC Holdings Corp bought 3.2 billion shares at HK 0.15 per share, controlling 60.49%
25 January 2019   425

CEO of the Chinese bitcoin exchange OKCoin Star Xu has become the largest shareholder of LEAP Holdings Group, which is listed on the Hong Kong Stock Exchange (HKEX). The deal amounted to $ 60 million, according to a press release from HKEX.

OKC Holdings Corp, the company controlling OKCoin, acquired 3.2 billion shares at HK 0.15 per share, controlling 60.49%.

In turn, Star Xu owns 52.32% of OKC Holdings Corp through StarXu Capital and OKEM Services Company.

Gan Ma through Vlab Capital (5.08%), Bo Feng through Golden Status Ventures (9.86%) and Jing Shi (13%) also have a stake in OKC Holdings Corp.

OKCoin reported on intension to acquire LEAP Holdings for HKEX listing in mid-January.

Earlier, the Korean exchange Bithumb announced its intention to become a public company in the US jurisdiction, absorbing Blockchain Industries.