Coinone Revenue, Valuation, Funding & Investors
Coinone is valued at $278M as of May 2026.
Last Coinone valuation
$278M
Undisclosed stage · May 2026
Last Coinone funding round
$109M
Undisclosed stage · May 2026
Coinone revenue
$22M
Strategic investment · Apr 2021
Key investors in Coinone
OKX Ventures
Korea Investment & Securities
GAMEVIL
Kakao Ventures
Com2uS
About Coinone
Coinone is South Korea's third-largest cryptocurrency exchange by volume, supporting trading of Bitcoin, Ethereum, and over 200 altcoins. Seoul-headquartered and founded in 2014, it prioritizes security with cold storage for 100 percent of user funds and has maintained a perfect record since inception. The platform offers KRW fiat pairs, staking, and API access for high-frequency traders.
Founded
2014
HQ
SeoulWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$22M (Apr 2021)
Valuation
$278M (May 2026)
Coinone Valuation
Coinone is currently valued at $278M, based on its undisclosed-stage round in May 2026.
The $109M round was led by Korea Investment & Securities and OKX Ventures, with participation from Com2uS.
Coinone's valuation has grown 1.7x from $161M at its strategic investment round in April 2021 to $278M in May 2026, across 3 priced rounds.
Coinone valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2026 | Undisclosed stage | $278M | - |
| Sep 2021 | Strategic investment | $215M | - |
| Apr 2021 | Strategic investment | $161M | 7.3x |
Coinone Revenue
Coinone's latest recorded revenue is $22M, as of its strategic investment round in April 2021. At a $161M valuation, that implies a 7.3x revenue multiple.
Coinone revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2021 | $22M | $161M | 7.3x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Coinone Funding History
Coinone has raised a total of $183M across 4 funding rounds, plus 1 secondary share sale.
Coinone's first fundraising round was a $200K seed round in October 2014. The most recent completed round was a $109M undisclosed-stage round in May 2026.
Coinone funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Undisclosed stage | Korea Investment & Securities (lead); OKX Ventures (lead); Com2uS | $109M | $278M | Coinone secured KRW80 billion, or approximately USD53 million, each from OKX Ventures and Korea Investment & Securities in a strategic equity transaction that gives each investor a 19.6% stake, subject to regulatory approval. The structure combines secondary share purchases from existing shareholders and newly issued shares; CEO Cha Myung-hun is expected to retain control, with Com2uS Holdings and its affiliates remaining a major shareholder group. The deal positions the two new investors as joint third-largest shareholders and is intended to support Coinone’s push toward a broader global digital finance platform. The transaction reflects Coinone’s effort to deepen strategic partnerships with both a global crypto exchange investor and a major Korean securities firm. Reported ownership stakes after the deal place Cha at 30.36%, Com2uS Holdings at 24.54%, and the two new investors at about 20% each, indicating a reshaped but still founder-led control structure. The investment remains contingent on approval of the major shareholder change report by South Korean financial authorities. Coinone is one of South Korea’s leading virtual asset exchanges and is described as the country’s fourth-largest crypto exchange. It operates in the digital asset trading market and has been positioning itself for a broader financial services strategy through alliances with Com2uS Holdings, Korea Investment & Securities, and OKX Ventures. |
| May 2026 | Secondary | Korea Investment & Securities (lead); OKX Ventures (lead) | - | - | - |
| Sep 2021 | Strategic investment | GAMEVIL (lead) | $46M | $215M | Coinone is the third largest cryptocurrency exchange in South Korea. Mobile game publisher Gamevil made a strategic investment acquiring a 13% stake in Coinone for $28 million, as reported by The Korean Herald and covered in industry news on April 22, 2021. This implies a post-money valuation of approximately $215 million for Coinone. The investment marks Gamevil's entry into blockchain and digital assets, aiming to explore opportunities in NFTs and blockchain-based gaming. Gamevil, known for its $2 billion mobile RPG Summoners War via subsidiary Com2uS, sees this as a way to expand into new business areas amid growing South Korean interest in blockchain gaming. The deal aligns with broader trends in South Korea's game industry engaging with blockchain technologies. |
| Apr 2021 | Strategic investment | GAMEVIL (lead) | $28M | $161M | Coinone is a South Korean cryptocurrency exchange, ranked third largest in the country, providing blockchain-related financial services including crypto trading, asset management, and matching engines. In April 2021, GAMEVIL acquired a 13% stake for approximately $28 million (KRW 31.2 billion), implying a post-money valuation of around KRW 240 billion. The deal, dated April 19, 2021, was a strategic investment to expand into blockchain, NFTs, and digital assets, as stated by GAMEVIL. Coinone reported total assets of KRW 180.17 billion and net assets of KRW 22.54 billion as of December 31, 2020. For the fiscal year 2020, Coinone recorded sales of KRW 33.12 billion and net income of KRW 6.69 billion. The investment aligned with South Korea's growing blockchain activity in gaming and tech, with GAMEVIL leveraging its mobile gaming expertise from titles like Summoners War. GAMEVIL later increased its stake through additional rounds, reaching 38.43% by late 2021 via its subsidiary Gamevil Plus. Post-investment, Coinone maintained a 1-2% market share in Korea's crypto exchange market with daily transactions of 100-300 billion KRW. By 2024, operating revenue grew 97% year-over-year, achieving positive operating profit in Q4, amid efforts to enhance services and marketing in the evolving crypto landscape. |
| Oct 2014 | Seed | Kakao Ventures | $200K | - | - |
Who has invested in Coinone?
5 investors have backed Coinone across its funding rounds, including OKX Ventures, Korea Investment & Securities, GAMEVIL, Kakao Ventures and Com2uS.
Lead investors include Korea Investment & Securities, OKX Ventures and GAMEVIL.
Coinone Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Seoul | 2 | Lead | Apr 2021 | |
 Victoria | 2 | Lead | May 2026 | |
| Seoul | 2 | Lead | May 2026 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Coinone
Coinone has acquired 1 company to date.
Last acquisition by Coinone was on September 4th 2018. Coinone acquired iFunFactory for undisclosed valuation.
Latest Acquisitions by Coinone
| Description | iFunFactory is a Seongnam-based provider of backend platforms for mobile game services founded in 2013. It develops iFunEngine as a server framework, iFun Cloud for game-specific PaaS, and iFun Map Editor for mobile game design. The company supports developers with scalable infrastructure for multiplayer gaming in South Korea. |
| HQ Country | |
| HQ City | Seongnam |
| Deal Date | 4 Sep 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Coinone acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Coinone
Coinone has invested in 1 company to date.
Latest investment by Coinone was on October 12th 2022. Coinone invested in Time Percent in their $800K Seed round.
Latest Investments by Coinone
| Description | Time Percent is a Seoul-based online trading platform that unifies virtual assets, Korean stocks, and international equities. Launched for retail investors, it offers real-time execution, margin trading, and portfolio analytics. The exchange lists over 100 cryptocurrencies alongside KOSPI and NASDAQ instruments. Time Percent secures operations through multi-signature wallets and complies with Korean financial regulations. |
| HQ Country | |
| HQ City | Seoul |
| Deal Date | 12 Oct 2022 |
| Round | Seed |
| Raised | $800K |
| Investors | Richard Seongho Choi; D·CAMP; NAVER; FuturePlay |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Coinone investments and their VC round multiples. Start Free Trial | |
Coinone Competitors
Coinone competitors include listed companies like BTCS and ProCap Financial, and private ones like Coinsquare, BTSE, Usdx money and Upland.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Toronto | Private | $14M | - | $206M | 14.7x | |
 Taipei | Private | - | - | $400M | - | |
 United States | Publicly listed | $16M | ($30M) | $73M | 2.2x | |
 Hong Kong | Private | - | - | $275M | - | |
| San Francisco, CA | Private | $49M | - | $282M | 5.8x | |
| United States | Publicly listed | - | - | $304M | - |
Coinone Public Comps
Coinone is still privately-owned, but its public comps include ProCap Financial, Sino, Bourse Direct, Chaince Digital, Capital B, Bakkt, Wewards, DeFi Technologies, Exodus Movement and Coincheck Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $11M | $2M | 26.2x | 18.4x | 164.0x | 66.7x | |||
| $81M | $35M | 1.5x | 1.3x | 3.4x | 3.2x | |||
| $2M | ($3M) | 148.5x | - | (97.3x) | - | |||
| $13M | ($5M) | 6.6x | 6.6x | (15.9x) | (15.7x) | |||
| $2.3B | ($98M) | 0.1x | 0.2x | (2.9x) | (27.3x) | |||
| - | ($77K) | - | - | (2932.9x) | - | |||
| $76M | $70M | 1.0x | 1.4x | 1.1x | (16.5x) | |||
This data is available for Pro users. Sign up to see all Coinone competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Coinone
| When was Coinone founded? | Coinone was founded in 2014. |
| Where is Coinone headquartered? | Coinone is headquartered in Seoul, South Korea. |
| Is Coinone publicly listed? | No, Coinone is a private, VC-backed company. |
| What is Coinone's valuation? | Coinone was last valued at $278M in its undisclosed-stage round in May 2026. |
| How much funding has Coinone raised? | Coinone has raised $183M across 4 funding rounds. |
| What was Coinone's last funding round? | Coinone's last funding round was a $109M undisclosed-stage round in May 2026, led by Korea Investment & Securities and OKX Ventures. |
| Who are Coinone's investors? | Coinone's investors include GAMEVIL, OKX Ventures, Korea Investment & Securities, Kakao Ventures and Com2uS. |
| What is Coinone's revenue? | Coinone's latest recorded revenue is $22M (April 2021). |
| What is Coinone's revenue multiple? | Coinone's latest valuation implies a 7.3x revenue multiple ($161M valuation on $22M of revenue). |
| Which companies are comparable to Coinone? | Companies comparable to Coinone include Coinsquare, BTSE, BTCS, Usdx money, Upland and ProCap Financial. |
| How many companies has Coinone acquired? | Coinone has acquired 1 company, including iFunFactory. |
| How many companies has Coinone invested in? | Coinone has invested in 1 company, including Time Percent. |
| What was Coinone's last investment? | In October 2022, Coinone invested in Time Percent's $800K seed round alongside Richard Seongho Choi, D·CAMP, NAVER and 1 other investor. |
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