The CEO of the South Korean exchange Coinone is in negotiations with the gaming company Com2uS Holdings regarding the sale of company shares.

Myung-hoon Cha, the CEO of the South Korean cryptocurrency exchange Coinone, is in negotiations with the medium-sized gaming company Com2uS Holdings to sell shares of the company.

As of the end of last year, Myung-hoon Cha held a total of 53.46% of the shares, which includes his stake in the private company The One Group (34.31%) and his personal holdings (19.15%). Com2uS Holdings holds 21.95%, while Com2uS Plus holds 16.47%. Com2uS Plus is a 100% subsidiary of Com2uS Holdings. Through this share acquisition, Com2uS Holdings is expected to become the largest shareholder of Coinone.

In addition, Coinone CEO Myung-hoon Cha has informed Com2uS Holdings that he will resign from his position as head of Coinone.