Coinone shifts to sole CEO system under founder Cha Myung-hoon

South Korean crypto exchange Coinone has transitioned to a sole leadership structure under CEO Cha Myung-hoon, ending its previous co-CEO system, Digital Asset reported today. The company completed the regulatory filing for the leadership change with the Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission yesterday. Following a board resolution and other internal procedures, the new management structure is now officially in effect. Cha is the founder and largest shareholder of Coinone.