Binance to Re-Enter South Korea by Acquiring Local Exchange
The world’s largest crypto trading platform is reportedly close to completing the acquisition of Gopax – one of the most utilized Korean exchanges. Binance had “recently completed due diligence on the acquisition of Gopax.”. The coverage said Binance planned to announce the purchase around Christmas, but it was delayed due to last-minute discussions about the value of the deal. The CZ-led exchange will buy a 41.2% stake from Gopax’s current CEO – Lee Jun-Haeng, who is also the largest shareholder. Gopax is one of the five largest digital asset exchanges in Korea, alongside Coinone, Upbit, Corbit, and Bitsum.
