It was recently announced that Gamevil bought a stake in Coinone, South Korea’s third-largest digital currency exchange. This investment comes after Gamevil’s rival, Nexon, reportedly had an interest in buying a stake in Bithumb, the country’s second-largest exchange.
According to The Korea Herald, Gamevil has acquired a 13% stake in Coinone. The firm reportedly spent $27.9 million to purchase 8,474 shares of stock in the exchange.
According to CoinGecko, Coinone processed $1.4 billion in trading volume over a 24-hour period on April 25th. This ranks third behind market leaders Upbit, which processed $21.4 billion, and Bithumb, which saw $4 billion in trading.
Gamevil was founded in the year 2000. Its most successful franchise is the Summoners War series, a $2 billion mobile role-playing game it released in 2014.