BlocksInform
The world's largest crypto trading platform is on the verge of completing the purchase of gopax – one of Korea's most widely used exchanges.
If concluded, the agreement will mean the entry of BINANCE into South Korea.
- If the transaction is completed, Binance will enter South Korea.
Citing a report from a local news organization, popular blockchain journalist Colin Wu said Binance had "recently completed due diligence on Gopax's acquisition." Gopax is one of the five largest exchanges in South Korea (upbit, bitsum, coinone, corbit, gopax). Binance previously announced the acquisition of exchanges in Japan and Indonesia.
— Wu Blockchain (@WuBlockchain) January 2, 2023
- 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.
- It was delayed due to last minute discussions on the value of the agreement.
- The tsa-directed stock exchange will purchase a 41.2% stake of the present CEO of gopax – lee jun-haeng, which is also the largest shareholder.
- Gopax is one of Korea's five largest stock exchanges for digital assets, with coinone, upbit, corbit and bitsum.
- Recall that Changpeng Zhao already hinted at a possible return to the Korean market following a hiatus that has now lasted over two years.
- Remind that changpeng zhao has already alluded to a possible return to the Korean market after an interruption that has now lasted more than two years. Binance was forced to close its affiliate in South Korea as a result of a dispute with local regulatory agencies.
- Binance was forced to close its South Korean affiliate as a result of a dispute with local regulators.
