On September 5th, according to News 1, South Korean exchange Coinone sold virtual assets worth about 4.356 billion won (about 3.09 million US dollars) to Upbit and Korbit between the 8th and 31st of last month.
Benefiting from the price increase, Coinone realized an additional profit of about 220 million won. The sale is in line with South Korea's Financial Services Commission's "Roadmap for Corporate Participation in the Virtual Asset Market" published in February this year, allowing non-profit organizations and exchanges to liquidate virtual assets for personnel costs and tax expenses.
Coinone said the relevant funds will also be used to cover other operating costs.
Coinone completes $3.09 million virtual asset sale
2025-09-05 11:56:16
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