Coinone, a prominent South Korean cryptocurrency exchange, has announced a significant leadership change. After 11 years at the helm, founder and CEO Cha Myunghun is stepping down from his executive role. This transition marks a shift to a single CEO structure, with Lee Seonghyun poised to take over the reins. According to Digital Asset, the official resignation will be formalized following a board resolution scheduled for August 18th. While relinquishing his CEO duties, Cha Myunghun will remain actively involved in the company's strategic direction. As the largest shareholder and chairman of the board, he will focus on shaping Coinone's mid- to long-term vision. This move suggests a continued commitment to the exchange's growth and development within the dynamic cryptocurrency landscape. The change aims to streamline decision-making and enhance Coinone's agility in a rapidly evolving market. ```